BPSCL pays Rs 1.35 crore dividend to SAIL

City Name: 
New Delhi
Release Date: 
Mon, 10/09/2006 - 23:49

Bokaro Power Supply Company Pvt. Ltd. (BPSCL), a 50:50 joint venture between Steel Authority of India Ltd. (SAIL) and Damodar Valley Corporation (DVC), announced a total dividend of Rs 2.71 crore for its shareholders at the rate of 1.61% of the company’s paid-up capital. The company presented a dividend cheque of Rs 1.35 crore to SAIL, its joint partners, in a function held here today. Mr. S.K. Roongta, Chairman, SAIL, received the cheque from Mr. R.K. Sen, Chairman, BPSCL.

BPSCL registered a net profit after tax of Rs 32.53 crore in 2005-06, a significant rise from Rs 27.12 crore in 2004-05. The company, which manages the captive power plant of Bokaro Steel Plant having a rated capacity of 302 MW, has been in profit ever since its formation in 2002.

BPSCL achieved record annual steam generation to the tune of 1,471 tonnes/hour during 2005-06, a growth of 5.7% over that in 2004-05. The company also achieved 160 MW/hour power generation during 2005-06, a growth of 3% over the previous year.

Continuing with the uptrend in production, BPSCL registered 1,484 tonnes/hour of steam generation during April-September of 2006-07 as against 1,451 tonnes/hour during the corresponding period last year (CPLY), recording a growth of 2.3%. It generated 170.5 MW/hour of power in H1 of the current financial year as against 157.7 MW/hour in CPLY, a growth of 8%. Other techno-economic parameters with reference to specific oil consumption and auxiliary power consumption have also improved.

The company is presently executing a major capacity enhancement plan. Among other projects, installation of a High Pressure Boiler and Back Pressure Turbine is in progress at an approximate cost of Rs. 350 crore. Scheduled to be commissioned in November 2007, the project will enhance power generation substantially.

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