Economic Times reported that PTC India begins supply of 126 MW wind power to UP, Bihar, Jharkhand, Odisha New Delhi: Power trading solutions provider PTC India today announced that it has operationalised the flow or supply
PTC India, the country’s largest power trader, today posted a 5.9 per cent drop in net profit for the quarter ended June at Rs 61.44 crore on the back of increased volumes of low margin short-term deals.
PTC India Ltd, the country’s largest power trader, reported an 18 per cent drop in net profit for the quarter ended March at Rs 64.37 crore on a standalone basis as against a net profit of Rs 78.77 crore in the corresponding quarter previous financial year (2016-17).
The Government has kicked-off a Pilot Scheme for Procurement of Aggregate Power of 2500 MW on competitive basis for 3 (three) years under medium term i.e. from generators with commissioned projects but without Power Purchase Agreement.
Close to 75 companies will meet on Saturday to consider their quarterly results.
PTC India said Kulamani Biswal, nominee director of state-run NTPC, has ceased to be a director on its board with effect from December 19.
PTC India reported 15.77 per cent jump in standalone net profit at Rs 65.35 crore in the first quarter ended June, on back of higher revenues.
PTC India rose 1.53% to Rs 119.45 at 12:30 IST on BSE, with the stock extending recent strong gains.
The Memorandum of Agreements (MoAs) for purchase of 1000 MW wind power under MNRE’s first wind auction Scheme were signed here today
The government’s recent and upcoming auctions of renewable energy projects may provide a boost to the stocks of Ujaas Energy, Suzlon Energy and PTC India