Calcutta, July 16 :    Calcutta, July 16:  Damodar Valley Corporation (DVC), having registered a net profit of Rs 176 crore in 2000-01, has decided to remove restrictions on the supply of power to the medium and small-scale enterprises (SMEs), and reduce the notice period for revision in contract demand for bulk consumers. A quantum less than 5 MVA (megavolt amps) will be provided to facilitate power supply to medium and small units. Bulk consumers, most of whom are battling an industrial recession, can now buy 25 per cent less than their contract commitments by giving the corporation a two-month notice, instead of the one year they were required to serve earlier. 'These were self-imposed restrictions. The industrial scenario has changed over the years and, therefore, we decided to remove them,' DVC secretary A. K. Basu said here today. Procedures are being simplified to facilitate quick supply of power. The company also plans to double capacity from its existing 2761.5 MW by the end of Eleventh Plan and modernise 10 old plants in a Rs 1,900-crore package, for which the corporation is currently talking to the financial institutions. DVC's turnover jumped to Rs 2,208 crore compared with Rs 1981 crore in 1999-2000. Pre-tax profit increased to Rs 242 crore from Rs 233 crore. However, net profit has gone down marginally from Rs 183 crore from Rs 176 crore due to minimum alternative tax and depreciation on its Mejia plant, which went on stream during the year. It generated 8188 million units against 8138 million units in the previous year. However, cash flows to the company were down even though generation increased to 7,856 million units from 7,704 million units in 1999-2000. This is largely the result of a 94 per cent spurt in dues from state electricity boards (SEBs). They owed the corporation Rs 2,931 crore instead of Rs 1509 crore in 1999-2000. Of this, Bihar State Electricity Board accounts for Rs 2085 crore while West Bengal State Electricity Board is sitting on dues worth Rs 846 crore; the non-SEB dues have also increased from Rs 522 crore to Rs 632 crore. 'We are against the Centre's proposal to waive 60 per cent of delayed payments. The government is also considering several concessions. The securitisation scheme will have an adverse effect on our cash flows. We feel there should be no waiver,' J. Chatterjee, financial advisor to the corporation, said. The state power boards have not been paying up even in the first three months of this financial year.