BSES' higher net profit

By Our Staff Correspondent

MUMBAI, JUNE 28. BSES has announced a higher net profit of Rs. 321.37 crores for the year ended March 2001 against Rs. 306.82 crores in the previous year. The board has recommended a dividend of 40 per cent for the year.

The company's total income for the year was Rs. 2,763.10 crores against Rs. 2,429.63 crores, including net sales from sale of electrical energy of Rs. 2,158.40 crores (Rs. 1,947.87 crores), income from EPC, contracts and computer divisions of Rs. 528.92 crores (Rs. 390.57 crores) and other income of Rs. 75.78 crores (Rs. 91.19 crores).

Total expenditure for the year was Rs. 2,160.54 crores (Rs. 1,755.07 crores). The company provided Rs. 55.34 crores (Rs. 94.24 crores) for interest, Rs. 196.81 crores (Rs. 183.47 crores) for depreciation and Rs. 29.04 crores (Rs. 90.03 crores) for tax.

During the year, the Dahanu Power station operated at a plant load factor (PLF) of 82.68 per cent and achieved a plant availability of 92.33 per cent. The power station improved upon various operating norms relating to specific oil consumption, auxiliary power consumption, heat rate and dematerialised water consumption during the year. The contracts division and EPC business group has order worth Rs. 696.41 crores on hand as on March 31, 2001.

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Section  : Business
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