OPG OPG Power Ventures

OPG Power Ventures (OPG): Management succession and update

Edison Investment Research Limited
OPG Power Ventures (OPG): Management succession and update

07-Apr-2022 / 07:00 GMT/BST


 

London, UK, 7 April 2022

 

OPG Power Ventures (OPG): Management succession and update

The current elevated Indonesian coal price has left Indian thermal power company OPG Power Ventures (OPG) valued at an 83% discount to net asset value (NAV) at end September 2021. Closing this discrepancy should be driven by a) actions being taken to mitigate this cost pressure and b) further details of the potential from the developing sustainability strategy.

 

Current concerns over the impact of higher coal prices are weighing on the share price. A market capitalisation of £28m versus a NAV of £167m at the half year to 30 September 2021 represents a significant discrepancy, although it may need greater clarity on the pathway through the current coal price pressures for this disparity to narrow. 


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