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

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.

Trading Update

Operational Highlights
· Q3 FY14 generation of 518 million units up 8% on Q2 FY14 (Q3 FY13: 301 million units)
· Total year-to-date generation up 129% on nine months ended 31 Dec 2012
· C3 unit fully ramped up; average Plant Load Factor (PLF) achieved across all units of 100% in the quarter (Q2 FY14: 93%)
· Average year-to-date PLF across all units of 96% up from 90% in nine months ended 31 Dec 2012
· Q3 FY14 Underlying Rupee Revenue of Rs 2.67 bn compared with Rs 4.82 bn in full year FY13
· Entered into a 15 year Long Term Variable tariff arrangement with TANGEDCO for C3, providing foreign exchange protection on imported coal
· Full year results expected to meet market expectations

Project Highlights
· 300 MW Gujarat (2x150 MW units) - within budget and on track for commissioning by Sep 2014
· 160 MW Chennai IV - within budget and on track for commissioning by Dec 2014

Been holding for years and finally starting to come good. Lots of cash generation ahead

Shore Capital and Cenkos out with buy recs today. Not sure of tp

After several years, the fun times are now coming. Lots of capacity coming onstream and all on time, no mean feat for the company.

Break out..

Very good full page article in today's Shares mag

Move north today :-)

Great numbers and not far away from 3 digits now. Continues to perform and meet targets.

Excellent results published yesterday - followed by a BUY tip from Questor in the Daily Telegraph suggesting a possible doubling of the share price.


Capacity projection

Cant agree more.

Bought years back expecting a doubling, but think it will happen from here.

Nice to see the first trades at 100p for a few years! Onwards and upwards.

The Indian election outcome seems like the better result for stocks imo. See we had 3 buy recs yesterday:

Investec tp 140p
Jefferies tp 120p
Shore Capital buy, no tp that I see.

Buy rec article in Friday's Investors Chronicle.

Good update today, all on track and not so long before larger Gujarat (300MW) comes onstream - then the earning should really start flowing. Plenty of scope to double in my opinion.