OPG Power Ventures Exceeds Performance Expectations

OPG Power Ventures (GB:OPG) has released an update.

OPG Power Ventures reported a significant increase in power generation for FY24, up by 55% to 2.322 billion units, driven by higher electricity demand in India and securing profitable short-term contracts. The company expects to report revenues and EBITDA above market expectations, with a focus on enhancing shareholder value through continued deleveraging and operational efficiency. Amidst India’s growing economy and energy demand, OPG’s strategic initiatives and sustainable practices position it well to capitalize on new growth opportunities in the energy sector.

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