July 29, 2010

DPSC Limited ( New Name India Power Corporation Limited )

DPSC Limited was incorporated in 1919 as Dishergarh Power Supply Company primarily to supply power to The Bengal Coal Company Limited of the Andrew Yule Group in the Asansol - Raniganj coal belt of West Bengal.

Andew Yule And Co.Ltd. is , now ,a Govt.owned company ( 98.62 % shares with Govt.of India ).Under a reorganisation plan to pay off loss making Andrew Yule's liabilities , Andrew Yule and other major shareholders decided to divest controlling stake ( 57.17 % ) in DPSC.

The stake was picked up ( Share Purchase Agreement ), in January 2010 @ Rs.710 per share by Kolkata based Kanorias of Srei (Shri Radhkrishna Export Industries Limited ).An offer of buy back @ Rs, 710 was made to non promoter share holders in April 2010  .Promoters now hold 93 % of equity.

The free float of shares  has, thus ,been greatly been reduced , thus ,   making DPSC Limited a rare share.

Registered Office :
Sector V ,
Salt Lake City ,
Kolkata -700091
(Tel 033-23574308)

Apart from an extensive distribution network DPSC Limited has two power generating plants at Dishergarh ( 30 MW ) and Chinakuri (12 MW ) both in Burdwan Disstrict.

Financial Highlights

As on 31-03-2009,

Share Capital:: Rs.4 cr 24 lakh
Reserves Rs. 87 cr 14 lakh
Net profit (08-09) Rs. 7 cr 57 lakh
EPS (08-09): Rs. 17.88 p

Listing :CSE ; NSE

Liquidity : Reasonably Liquid (Daily Quotation Available )

After Split to Re 1 and a Bonus Issue of 22 Shares For One Held ( Please recheck )



DPSC is amalgamating with it another company India Power Company Limited by issuing its 1,120,275,823 shares of Re. 1 each to India Power `s shareholders
General Warning : Investment in Shares Can be Injurious to Your WEALTH

Disclosure : The Blog writer in his / family names has  holdings in this Company. So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this Blog or Blog Writer

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