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LONDON - OPG Power Ventures Plc (AIM:OPG), the developer and operator of power generation assets in India, reported revenue of £156.7 million for the year ended March 31, 2025, a slight decrease from £160.8 million in the previous year.
The company generated adjusted EBITDA of £13.8 million, down from £17.2 million in the prior year, while profit before tax decreased to £5.2 million from £7.7 million. Cash generated from operations increased to £22.3 million from £20.8 million in the previous year.
OPG reported a strengthened net cash position of £15.6 million as of March 31, 2025, compared to £3.6 million a year earlier. The company’s 414 MW thermal plant in Tamil Nadu maintained a plant load factor of 69%, consistent with industry levels.
In November 2024, OPG disclosed it was subject to an investigation into alleged regulatory non-compliances under India’s Foreign Exchange Management Act. The company stated it has cooperated fully with authorities and believes it has been compliant with regulations.
N. Kumar, Non-Executive Chairman, said: "FY25 marked another year of steady operational delivery. Our priorities are maintenance of strong cash flows, repayment of debt, asset reliability and calibrated investment in optimisation initiatives."
The company maintained its focus on reducing emissions through initiatives including biomass blending and using an in-house solar plant to supply power for internal operations. OPG reported zero total recordable incidents during the year, highlighting its safety performance.
The board has decided not to declare a dividend for FY25, prioritizing liquidity to support operational needs and future capital expenditure requirements.
The information is based on a company press release statement.
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