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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Opg Power Ventures Plc | LSE:OPG | London | Ordinary Share | IM00B2R3RX72 | ORD 0.0147P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.125 | 1.19% | 10.625 | 10.25 | 11.00 | 10.70 | 10.575 | 10.625 | 267,702 | 08:00:11 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electric Services | 58.68M | 7.45M | 0.0186 | 5.71 | 42.56M |
TIDMOPG
RNS Number : 5919Z
OPG Power Ventures plc
21 May 2019
21 May 2019
OPG Power Ventures plc
("OPG", the "Group" or the "Company")
Fixed price coal purchase agreement for 1 million tonnes
OPG (AIM: OPG), the developer and operator of power generation plants in India, is pleased to announce that, further to the Company's trading statement of 29 April 2019, it has secured a further hedge against the volatility of coal price movements and has entered into a fixed price coal purchase agreement for 1 million tonnes (representing approximately 60 per cent of Group's annual coal requirements). The delivery of coal under the purchase agreement will take place from June 2019 to March 2020. The precise terms of the agreement are confidential but the Company can confirm that the fixed price achieved is in line with management's expectation.
Whilst other costs, such as freight, remain outside the Company's control, with the price of approximately 60 per cent of the Company's coal requirement now fixed until March 2020, OPG expects to benefit from the greater visibility that it has on its FY20 financial performance, which remains in line with market forecasts.
For further information, please visit www.opgpower.com or contact:
+91 (0) 44 429 OPG Power Ventures PLC 11211 Arvind Gupta / Dmitri Tsvetkov Cenkos Securities (Nominated Adviser +44 (0) 20 7397 & Broker) 8900 Russell Cook / Stephen Keys +44 (0) 20 7920 Tavistock (Financial PR) 3150 Simon Hudson / Barney Hayward
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
May 21, 2019 02:00 ET (06:00 GMT)
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