ReNew Power Ltd, India’s largest clean energy company, and state-run power utility NTPC Ltd have shown interest in the ongoing sale process of PTC India Ltd’s wind power business, said two people aware of the development, requesting anonymity.
Uttar Pradesh, Bihar, Jharkhand and Assam have started receiving wind-based electricity from Mytrah Energy’s 128.7 MW project in Tamil Nadu, power trader PTC India said on Wednesday.
PTC India Limited, the leading power trading solutions provider in India, today announced operationalization of 128.7 MW Inter-State flow of wind power in the country under the MNRE Wind Scheme (Tranche-I) of 1050 MW.
Power Secretary A K Bhalla Tuesday said PTC India Financial Services (PFS) should be careful and cautious while making investments in power sector and also ensure returns.
The Indian arm of CLP Holdings Ltd, Macquarie Infrastructure and Real Assets (MIRA) and Hero Future Energies are among the companies that are interested in acquiring PTC India Ltd’s wind power business that may be valued at
PTC India Ltd has initiated a formal process to find a strategic investor for its wind power business, two people aware of the development said, adding the country’s largest electricity trader has already reached out to various investors.
PTC India’s standalone net profit dipped 27 per cent to Rs Rs 95.69 crore for the quarter ended on September 30, 2018, compared to the year-ago period due to lower dividend income from subsidiaries.
Electricity distribution companies of four states – Bihar, West Bengal, Telangana and Tamil Nadu – today signed power purchase agreements with trader PTC India while seven private generating companies also inked pacts with PTC
PTC India Financial Services (PFS), the non-banking financing arm of power trader PTC India, today announced the company’s board has appointed Pawan Singh as the new Managing Director and Chief Executive Officer (CEO) of the company with immediate effect for a period of five years.
The Allahabad high court’s decision to deny relief to power companies facing debt servicing problems may have stoked fears of a fresh bout of write-offs for the banking sector. But the decision has triggered a rally in the shares of Power Finance Corp. Ltd