MP Power Generating Company Limited : Indroduction of Company
Brief history of the MPPGCL and context of its formation:
The Company has been incorporated as a part of the implementation of the power sector reform in Madhya Pradesh initiated by the Government of Madhya Pradesh.
The Company has taken over the Generation activities of MPSEB.
The Company is a public company fully owned by Govt. of M.P
The Company was incorporated on 22.11.2001.
The Company obtained the Certificate of Commencement of Business on 16-07-2002.
The Registered office of the Company is at Shakti-Bhawan, Rampur, Jabalpur
The Authorized Capital of the Company at present is Rs. 10,000 Cr. (Ten Thousand Crore) divided into 10,000,00,000 Shares of Rs.100 each.
The issued, subscribed and paid up capital is Rs.5325,54,68,800 (Rs. Five Thousand Three Hundred Twenty Five Crores Fifty Four Lacs Sixty Eight Thousand Eight Hundred only) divided into 5,3255,4,688 shares of Rs.100 each.
The Govt. of MP vide Gazett Notification (Extraordinary) No. 226 notified order no. 3679/ FRS/ 18/13/2002 Dtd. 31-05-2005 to give effect to the reorganization of the Madhya Pradesh State Electricity Board. The Para2(a) of the said order is reproduced below :
“With effect from 01.06.2005 (the effective date) the function of Generation of electricity as specified in schedule A to the Transfer Scheme Rules, 2003, shall be conducted and shall be carried on by Madhya Pradesh Power Generating Company Limited as its own business and not as an agent of or on behalf of the Madhya Pradesh State Electricity Board”
The opening balance sheet of Madhya Pradesh Power Generating Company Limited as on 31.05.2005 has also been notified
Accordingly, the Company has started functioning independently, from 01-06-2005
The Corporate Identity Number(CIN) of MPPGCL is U40109MP2001SGC014882