Highlights of Annual Report 2006-07
Share Capital
The authorised Share Capital of the company is Rs. 50 crores divided in to 5, 00,000 Equity Shares of Rs.1000 each. The issued, subscribed and paid up capital of the company stood Rs.50, 000/- as on 31-03-07.
Financial Performance
The corporation has sustained a net loss of Rs.5.31 lacs during the year 2006-07. The loss is primarily due to amortization of preoperative expenses.
Joint Venture
The corporation has entered MOU with M/S Eastern Minerals & Trading Agency (EMTA) for setting up of 2 x 250 MW Pithead Thermal Power Plant Project on 4th January, 2007, in joint venture. The equity participation shall be 50% each.
Merger of Companies
The Government of Himachal Pradesh has taken the decision to merge the Kinner Kailash Power Corporation Limited and Pabbar Power Corporation Limited (Companies promoted by HPSEB) in the H.P. Power Corporation Limited. The action to merge these Companies is in process.
To read the detailed Report Click here