OPG Power Ventures plc (LSE:OPG) has announced that it has received a letter of award from Tamil Nadu Power Distribution Corporation Limited for a potential five-year power purchase agreement (PPA) to supply 160MW of electricity. The agreement, which remains subject to regulatory approval, is expected to commence in February 2026. This development marks a major milestone in OPG’s operational growth and reinforces its position as a key independent power producer in southern India.
The company’s outlook reflects a mixed financial profile — while OPG continues to generate strong cash flow, it faces ongoing pressure from declining revenue and profitability. Technical indicators show a neutral trading pattern, with the stock positioned below key moving averages. Valuation metrics suggest the shares are fairly priced, though the absence of a dividend yield may limit appeal among income-focused investors.
More about OPG Power Ventures
OPG Power Ventures plc is an India-based power generation company engaged in developing, owning, and operating thermal power plants. The firm supplies electricity under short-, medium-, and long-term agreements, primarily serving industrial and distribution customers. OPG continues to focus on expanding its generation capacity while maintaining efficient operations and sustainable financial performance.
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