OPG has proved financially resilient through the COVID-19 driven economic slowdown, remaining healthily profitable and cash generative. As the Indian economy recovers (the OECD is forecasting 12.6% growth in 2021) demand for power will return. This should drive the recovery in sales and profits, in turn deleveraging the balance sheet, permitting a return to cash dividends and funding a strategy to develop renewables activities.
10 Mar 2021
OPG Power Ventures - Full power ahead
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OPG Power Ventures - Full power ahead
OPG Power Ventures Plc (OPG:LON) | 10.6 0 0.0% | Mkt Cap: 42.6m
- Published:
10 Mar 2021 -
Author:
David Larkam -
Pages:
12
OPG has proved financially resilient through the COVID-19 driven economic slowdown, remaining healthily profitable and cash generative. As the Indian economy recovers (the OECD is forecasting 12.6% growth in 2021) demand for power will return. This should drive the recovery in sales and profits, in turn deleveraging the balance sheet, permitting a return to cash dividends and funding a strategy to develop renewables activities.