BPSCL pays Rs 1.35 crore dividend to SAIL

New Delhi, Oct 9: Bokaro Power Supply Company Pvt Ltd (BPSCL), a joint venture between Steel Authority of India Ltd (SAIL) and Damodar Valley Corporation (DVC), presented a dividend cheque of Rs 1.35 crore to its partner SAIL in a function here today.

SAIL Chairman S K Roongta received the cheque from BPSCL Chairman R K Sen.

Earlier, BPSCL announced a total dividend of Rs 2.71 crore for its shareholders at the rate of 1.61 per cent of the company's paid-up capital.

BPSCL registered a net profit 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.

It achieved record annual steam generation of 1,471 tonnes/hour and achieved 160 MW/hour power generation during 2005-06, a jump of 5.7 per cent and three per cent respectively over the previous year.

Continuing with the uptrend in production, BPSCL registered 1,484 tonnes/hour of steam generation during April-September 2006-07, up by 2.3 per cent over the corresponding period of last year besides improving on other techno-economic parameters with reference to specific oil consumption and auxiliary power consumption, a company release here said.

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

UNI