PTC India explained

PTC India Limited
Former Name:Power Trading Corporation of India Limited
Type:Public
Isin:INE877F01012
Industry:Energy
Founder:Government of India
Hq Location:NBCC Tower, 15 Bhikaji Cama Place
Hq Location City:New Delhi
Hq Location Country:India[1]
Areas Served:India, Nepal, Bhutan, and Bangladesh
Key People:Dr.Rajib.K.Mishra (Chairman & MD)[2]
Revenue: [3]
Revenue Year:FY2022
Income Year:FY2022
Net Income Year:FY2022

PTC India Limited, formerly Power Trading Corporation of India Limited, is an Indian company that provides power trading solutions, cross border power trading, and consultancy services. Headquartered in New Delhi, the company also has operations in Nepal, Bhutan, and Bangladesh.[4] PTC India's subsidiaries PTC India Financial Services Limited and PTC Energy Limited provide financial assistance for companies in the power sector and run renewable energy projects respectively.[5] 16% of the company is publicly owned by the Indian government.[6] [7]

As of January 2019, PTC Energy managed a renewable energy portfolio of around 290 megawatts of wind assets across Madhya Pradesh, Karnataka and Andhra Pradesh.[8]

In 2020, PTC received approval to create India's third power exchange after Indian Energy Exchange (IEX) and Power Exchange India (PXIL).[9]

Dr. Rajib Kumar Mishra is the Chairman & Managing Director, PTC India Ltd. from 29 March 2023.

References

  1. Web site: Contact Us . PTC India . 24 March 2019.
  2. Web site: Rajib Kumar Mishra, PTC India Ltd: Profile and Biography . Bloomberg.com . en.
  3. Web site: Annual-Report-2017-18 . PTC India . 24 March 2019.
  4. Web site: Company Overview of PTC India Limited . Bloomberg . 24 March 2019.
  5. Web site: PTC India Ltd. (PTC) - Company History . Business Standard India . 24 March 2019.
  6. Web site: 2023-01-11 . Rishi Ranjan . Kala . Adani, Reliance Power eye govt stake in PTC India . 2023-07-04 . www.thehindubusinessline.com . en.
  7. News: Varun . Vyas . 2023-02-20 . Adani decides against bid for stake in state-backed PTC India - Bloomberg News . en . Reuters . 2023-07-04.
  8. Web site: Dhanjal . Swaraj Singh . PTC India begins process to find investor for wind energy business . Mint . 24 March 2019 . en . 6 January 2019.
  9. Web site: Jai . Shreya . 2020-08-04 . PTC India gets nod to set up third power exchange; launch likely by next FY . 2023-07-04 . www.business-standard.com . en-US.