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OPG Power Ventures PLC to push on again as it adjusts to volatile coal and freight prices

(AIM: OPG) expects to meet market expectations for profit after tax and cash generation for the year to March 31, 2021.

The company said in a trading update it delivered strong cash generation in a year blighted by the coronavirus (COVID-19) epidemic in India.

The developer and operator of power generation plants noted that despite the epidemic, India’s economy is projected by the World Bank to grow by 8.3% this year and by 7.5% in 2022.

India is currently experiencing a second wave of COVID-19 cases, prompting state authorities to impose various lockdown restrictions but these are being implemented more narrowly with companies and individuals adjusting behaviour in ways that cushion the effects, OPG said.

Read More: OPG Power Ventures PLC to push on again as it adjusts to volatile coal and freight prices

2021-06-22 03:09:28

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