Mytrah Energy performing in line with expectations
19th Dec 2016 08:42
(ShareCast News) - India-based power producer Mytrah Energy is performing in line with expectations as construction on several projects progresses with financial closure having achieved for 377 megawatts. The solar business gained long-term power purchase agreements for 422 megawatts, of which the c
Read moreMytrah Energy reaches one gigawatt milestone
20th Oct 2016 08:55
(ShareCast News) - India-based renewable focused independent power producer Mytrah Energy announced the installation of additional capacity at its Aspari project in Andhra Pradesh on Thursday. The AIM-traded firm said the installation takes its total wind portfolio energy capacity to 1000 MW, or one
Read moreMytrah Energy swings to profit in H1 as revenue rises
12th Sep 2016 12:08
(ShareCast News) - Indian wind and solar provider Mytrah Energy swung to a first half profit and said it anticipates meeting full year expectations due to growth in its operating capacity. For the six months ended 30 June, the company achieved an underlying pre-tax profit of $2.49m, up from a loss o
Read moreMytrah Energy appoints new chief financial and executive officers
9th Aug 2016 14:47
(ShareCast News) - Mytrah Energy, an India based renewable power producer, has announced that it has appointed two new chief financial and executive officers. The company promoted its current CFO Vikram Kailas to CEO, effective immediately. Kailas will also continue his role as vice chairman and man
Read moreMytrah Energy shares fall on first half loss
14th Aug 2015 13:11
(ShareCast News) - Shares in renewable energy provider Mytrah Energy lowered after the company posted a first half loss. Mytrah Energy traded at 75.45p at 1337 BST, losing 1.37% off its opening price. Underlying loss before tax was $2.46m, a smaller loss than $5.91m the year before. Revenue was
Read moreIndia based Mytrah Energy to branch into solar power
6th Aug 2015 16:28
(ShareCast News) - Renewable power producer Mytrah Energy said in a pre-AGM update it would move into solar power, and thought it had won contract in India. Shares in the AIM listed stock were flat, losing 0.2% to 79.84p by 1633 BST. Mytrah said it wanted to take advantage of Indian government targ
Read moreMytrah Energy reports strong full-year earnings thanks to good wind levels
21st Apr 2015 08:45
Indian wind power group Mytrah Energy saw its shares jump on Tuesday after posting strong full-year revenues. The company's revenues rose 36.5% to $69.55m and earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 23% to $57.17m. However, profits before tax fell 73% to $
Read moreMytrah Energy raises $60m to boost generating capacity
16th Apr 2015 16:24
India-based renewable power group Mytrah Energy has raised $60m of new capital to help take its generating capacity beyond 1000MW. The new funds, in the form of a non-convertible debenture, combine with cash flow from Mytrah's existing 543MW operating portfolio and a recently-concluded $70m financin
Read moreMytrah Energy shares drop as profit guidance disappoints
12th Dec 2014 08:09
The share price of Mytrah Energy took a dive on Friday after the India-based power producer guided to profits much lower than the market was expecting. The company said that underlying earnings before interest, tax, depreciation and amortisation (EBITDA) should be "close to $65m" in 2014. This would
Read moreTuesday broker round-up UPDATE
6th May 2014 08:44
Antofagasta: RBC Capital upgrades to buy with a target price of 900p. Barclays: Numis downgrades from add to hold with a target price of 280p. BG Group: Goldman Sachs ups target price from 1500p to 1530p and retains a strong buy recommendation. Britvic: Numis raises target price to 684p and keeps
Read moreMytrah Energy sees annual profits double
17th Mar 2014 08:26
India-focused sustainable energy firm Mytrah Energy saw profits more than double in 2013, helped by a better-than-expected performance by its portfolio of wind farms. The company, which sells power mainly to state grids, said revenue totalled $50.92m last year, up 65% on the year before which was a
Read moreMonday broker round-up UPDATE
30th Sep 2013 08:23
African Minerals: Canaccord Genuity raises target price from 330p to 370p and keeps a buy recommendation. Avon Rubber: WH Ireland ups target price from 530p to 590p keeping a buy recommendation. WH Ireland takes target price from 530p to 590p and reiterates a buy recommendation. Barratt Developmen
Read moreWind-power group Mytrah swings into the black as revenues surge
24th Jun 2013 08:02
AIM-listed renewable power producer Mytrah Energy swung into the black in 2012 after revenues surged, with the company looking to take advantage of the significant shortage of power supply in India. The company, which is focused on wind power in India, on Monday reported its final results for the n
Read moreMytrah Energy targets 600MW capacity
5th Jun 2013 13:33
India's largest wind power producer Mytrah Energy expects to increase its capacity to 600 megawatts (MW) by next year. The company reported a capacity of 310MW at December 31st but has plans to add to its assets in India, where there is a significant demand for energy. The group is targeting a 5
Read moreMytrah Energy conditionally acquires additional wind power
13th Mar 2013 08:38
India-based power producer Mytrah Energy has announced a conditional agreement to acquire 59.75 megawhatt (MW) of existing operational wind power assets in the Indian States of Tamil Nadu and Maharashtra. The assets have on average an age of less than 12 months, and comprise turbines from Gamesa,
Read more