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News for Spread Betters

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There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

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Digital Look's Best Picks

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Your money can work for you! Get it going with one of this month’s high interest current accounts:

1. A&L Premier Direct
2. Coventry First Account
3. Co-operative Current Plus

Date: Friday 30 May 2008

LONDON (ShareCast) - OPG Power, which operates captive power plants (GCPPs) in India, has started trading on AIM, having raised £65.1m through a placing of 108.42m shares at 60p each.

The company’s shares are currently trading at 73.5p, giving it a market capitalisation of over £210m.

OPG said it will use the funds to finance the building of a further four power stations, increasing its power output from the existing 19MW to over 450MW.

“OPG is pleased with the extremely strong response from the UK investment community to our business which is focused on addressing the significant power deficit issues in India,” said managing director Arvind Gupta.

“We welcome our new shareholders and look forward to updating them on our progress in due course, whilst we deliver on our aggressive growth strategy,” Gupta added.

• News Channel