DPSC posts R 3.64 crore net profit in Q1

Power utility DPSC Limited posted R 3.64 crore profit after tax during the first quarter (April-June) of 2010-11.

Power utility DPSC Limited posted R 3.64 crore profit after tax during the first quarter (April-June) of 2010-11.

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The company had logged a profit of R 11.73 lakh in the corresponding period last year.

"With the vast opportunity made available by the government's investment plans in the power sector, things definitely look upbeat for DPSC," Hemant Kanoria, chairman, DPSC, said on Friday.

The government has proposed to add 100,000 MW in the 12th Five Year Plan.