OPG Power Ventures (“OPG”) has reported H1/18A results showing an operational rebound from a tough H2/17A. Confirmation of Gujarat’s Group Captive status is a monumental step, coupled with rising plant load factors (PLFs), stable tariffs and part collection of receivables from the TANGEDCO distribution company. We have downgraded our expectations for FY18E & FY19E based on wider-than-expected losses at the interims and the uncertain transitional phase of the Gujarat operations. We change our rec ....
13 Dec 2017
H1/18A results
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H1/18A results
OPG Power Ventures Plc (OPG:LON) | 10.8 0 0.0% | Mkt Cap: 43.1m
- Published:
13 Dec 2017 -
Author:
Cavendish Research -
Pages:
7
OPG Power Ventures (“OPG”) has reported H1/18A results showing an operational rebound from a tough H2/17A. Confirmation of Gujarat’s Group Captive status is a monumental step, coupled with rising plant load factors (PLFs), stable tariffs and part collection of receivables from the TANGEDCO distribution company. We have downgraded our expectations for FY18E & FY19E based on wider-than-expected losses at the interims and the uncertain transitional phase of the Gujarat operations. We change our rec ....