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India Power Corporation Ltd. Company History and Annual Growth Details

YEAR EVENTS
1919 - Dishergarh Power Supply Company Ltd. (DPSCL) was established to
take over certain existing generating plants to supply
electricity energy to collieries in the neighbourhood of
Dishergarh near Asansol. At present, the Company holds two
licences viz., Dishergarh Electric Licence, 1932 and Associated
Power (Bengal) Electric Licence, 1934. The Main Object of the
Company is to supply and generate Electricity.

1948 - 4,000 `A' Pref. and 12,000 No. of equity shares allotted to
members of Associated Power Co., Ltd. Upon acquisition of its
entire capital.

1967 - 28,800 bonus equity shares issued in prop. 2:3. Rs 100 shares
subdivided into shares of Rs 10 each.

1975 - The Company's installation in Bihar was taken over by the Bihar
State Electric Board from 11.30 p.m. on 17th July.

1977 - With effect from 1st April, the Company's wholly owned subsidiary
Associated Power Co., Ltd., was amalgamated with the Company.

1984 - 2,40,000 Bonus Equity shares issued in prop. 1:3 Div. on `A' &
`B' Pref. shares raised to 10%.

1987 - The Company installed a 40,000 lbs per hour steaming capacity
boiler at Dishergarh Power Station, which augmented the Company's
detailed installed capacity to 20,000 KW from 19,400 KW.

- Other schemes taken up for modification and augmentation of
transmission and distribution system were the 2 x 10 MW ECC
captive power station and installation of cooling power at
Seebpore power station for improving the performance of the
existing generating sets.

- Government of W. Bengal agreed in principal to extend the
licence of the Company due for expiry on 18th December 1992,
provided the Company submitted a tangible proposal for augmenting
its existing generating capacity.

1988 - The Company installed a new 25 panel 11 KV, 500 MVA switchboard
at Luchipur, a 7.5 MVA 33/11 KV transformer at Dishergarh and
undertook construction at a number of distribution lines.

- As a first phase of revamping scheme of Seebpore power station,
order for installation of a cooling tower was placed.

- Installation of a new 11 KV line from Luchipur Receiving Station
to cater for enhanced colliery load.

1989 - The first turbo-generator set along with the condensing plant,
turbine oil system deaerators etc. had been erected and was in an
advanced stage for rolling.

1990 - 4,80,000 Bonus Equity shares issued in prop. 1:2.

1991 - The Company was appointed to undertake the pre-commissioning
check up services for some of the thermal plants of Coal India,
Ltd.

- The Company increased the rate of dividend on both A & B
preference shares from 10% (without deduction of Income Tax) per
annum to 13% (with deduction of Income Tax) per annum with effect
from 1st April.

1992 - Government of W. Bengal amended the licence of the Company
extending the validity up to 18th December, 2012.

1993 - The Company had undertaken various schemes with an investment of
Rs 14 crores to augment the transmission lines and to achieve
further flexibility in load distribution system.

1994 - The Company was able to maintain its wide transmission and
distribution system with a very high degree of reliability by
sustained and regular maintenance.

- The Company secured clearance for augmenting the generating
capacity of Chinakuri power station by 10MW from Damodar Valley
Corporation.

1996 - The Company was able to maintain its wide transmission and
distribution system with a very high degree of reliability by
sustained and regular maintenance.

- The Company proposed to build up 132KV receiving station at
Mongalpur and Kanynapur.

- In order to diversify, the Company undertook building, operating
and maintaining power plants and distribution network in new
areas.

- 14,40,000 Right Equity shares issued in prop. 1:1.

2008

-Company name has been changed from Dishergarh Power Supply Co Ltd to DPSC Ltd.

2011

-Company has splits its Face value of Shares from Rs 10 to Re 1

-DPSC Ltd has given the Bonus in the Ratio of 22:1

2012

-Company has recommended a dividend @ 5% i.e. Rs. 0.05/- per share of Re. 1/- each.

2013

-DPSC setting up new power generation plants at an investment of Rs 25,000 crore.

-DPSC Limited receives award for "Excellence in Wind Energy for the year 2012-13.
-The Company has changed its name from DPSC Ltd to India Power Corporation Ltd.

2014

-Company has recommended a dividend @ of Rs.0.05 [i.e. 5%] per Equity Share of Re. 1/- each.

2015
-India Power wins the asian power Awards 2015

2016
-Company has entered into a Joint Venture Agreement ("JVA") with Wursata Shipping Corporation("WS Corp.") as the Joint Venture Partner and Matsya Shipping & Ports Private Ltd("MSPPL") as the joint venture Company.

2018
-DPSC Limited Conferred with Innovation Award in ISGW 2018".

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