Puducherry Power Corporation`s dividend handed to government

PUDUCHERRY: Karaikal-based Puducherry Power Corporation, a government undertaking, has netted a profit of Rs 6.36 crores in the fiscal 2011-12.

Electricity Minister T.Thiagarajan today handed a cheque for Rs 3.18 crores marking dividend from the profit to Chief Minister N.Rangasamy here.

The Corporation generates power from out of the natural gas provided by the ONGC and is meeting part of the power requirements of Karaikal region.