fast growing Indian company operates and develops power plants in India..Cheap at 70p after floating at 60p on 30th May.

Annual results today and very well received. Plenty of growth in generating capacity in the pipeline, short to medium term. One to tuck away imho.

Anybody following these?

just me it seems.

...which is a shame as up 10% today

Kernow. Well done mate and good posts. I nearly went in but opted for SHFT and GBO instead. I will continue to have these on my watch list and will drop in from time to time.
Riv

Massive power shortages in India - it's an ill wind....

Could be interesting on a break of 65p.

Any thoughts mitzy ?

I'd say a good chance Dil.

Breaking out , I'm in.

Well done Dil.

Next leg up is imminent.

Looks interesting - plenty of (comparative) volume recently.

Prelims were lat Friday , that probably accounts for the volume.

Very nice they were too.

Hmmmm tea leaves never lie ... volume confirmation skinny ?

:-)

Yep !

RSI added to the above chart.

This has been a long time coming, but looks like we're on our way. These numbers should start drawing attention now:

21st November 2013

OPG Power Ventures plc

("OPG" or the "Company")

Unaudited results for the six months ended 30th September 2013

Accelerating Growth

Revenue up 168% to £47.7m - Profit before tax up 204% to £7.64m - Earnings per share up 241%

OPG Power Ventures PLC, the developer and operator of power generation plants in India, announces its unaudited results for the half year ended 30th September 2013.

Highlights

Revenues, profits and earnings per share up significantly

· Revenue up 168% to £47.7m from £17.8m with underlying rupee revenues up 180%;

· Profit before tax up 204% to £7.64m from £2.51m;

· Earnings per share up 241% to 1.5p from 0.4p;

· Revenues of Rs833m and Rs893m in Sep and Oct 2013 respectively, full year revenue of Rs4.8bn in FY13;

· EBITDA of £13.72m up from £4.65m; EBITDA margin of 29% up from 26%; and

· Cash and equivalents of £16.4m; gearing of 43% versus 37% at 31 March 2013.

Strong operational performance

· Chennai I and II achieved average plant load factors ("PLF")of 99% compared with 94% in full year ended 31 March 2013;

· 842m units of power delivered in six months compared with 932m units in full year ended 31 March 2013; and

· 214 MW of capacity being sold to the state utility.

Projects - Gujarat progressing ahead of schedule

· 80 MW Chennai III commissioned in June 2013, ahead of time and within budget, operated at over 90% PLF in Oct 13;

· 160 MW Chennai IV progressing on schedule; and

· 300 MW Gujarat now three months ahead of schedule with successful first hydro test completed.

Commenting on the results, Mr M C Gupta, Chairman said: "The early commissioning of the Chennai III unit during the period under review has brought about another quantum leap in OPG's operations and a trebling of its profitability, despite exceptionally strong currency headwinds during recent months. With the Gujarat project well under way and ahead of schedule, and with Chennai IV on schedule, the Company's scale of operations is set to be transformed yet again next year. OPG continues to deliver profitable growth."

Showing good 15% gain today. This should become a money spinner in due course, particularly with Gujarat ahead of schedule.

Dil - are you still in these?

Yeah I am.

Put the fall down to the Indian Rupee having it's ar*e kicked and couldn't find any other reason to bale out.

Wow what a great share.