PTC India Limited
FormerlyPower Trading Corporation of India Limited
Company typePublic
ISININE877F01012
IndustryEnergy
Founded16 April 1999; 24 years ago (1999-04-16)[1]
FounderGovernment of India[1]
HeadquartersNBCC Tower, 15 Bhikaji Cama Place,
New Delhi
,
India[2]
Areas served
India, Nepal, Bhutan, and Bangladesh
Key people
Dr.Rajib.K.Mishra (Chairman & MD)[3]
RevenueDecrease ₹17,680 crore (US$2.2 billion)[4] (FY2022)
Decrease ₹1,540.22 crore (US$190 million) (FY2022)
Decrease ₹426.36 crore (US$53 million) (FY2022)
Owners
Subsidiaries
  • PTC India Financial Services Limited (65%)
  • PTC Energy Ltd.[6]
Websitewww.ptcindia.com

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.[7] 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.[1] 16% of the company is publicly owned by the Indian government.[8][9]

The investment decisions of PTC management was criticized as "value destructive" by some institutional investors in August 2018.[10]

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.[11]

In 2020, PTC received approval to create India's third power exchange after Indian Energy Exchange (IEX) and Power Exchange India (PXIL).[12]

Dr. Rajib Kumar Mishra has been delegated the additional charge of Chairman & Managing Director, PTC India Ltd. w.e.f. 6th November 2021 by PTC Board.[13]

References

  1. ^ a b c "PTC India Ltd. (PTC) - Company History". Business Standard India. Retrieved 24 March 2019.
  2. ^ "Contact Us". PTC India. Retrieved 24 March 2019.
  3. ^ "Rajib Kumar Mishra, PTC India Ltd: Profile and Biography". Bloomberg.com.
  4. ^ "Annual-Report-2017-18" (PDF). PTC India. Retrieved 24 March 2019.
  5. ^ "PTC India stocks in focus as ONGC to buy PTC Energy for Rs 925 crore". Business Today. 20 October 2023. Retrieved 1 March 2024.
  6. ^ "Subsidiaries". PTC India. Retrieved 24 March 2019.
  7. ^ "Company Overview of PTC India Limited". Bloomberg. Retrieved 24 March 2019.
  8. ^ Kala, Rishi Ranjan (11 January 2023). "Adani, Reliance Power eye govt stake in PTC India". www.thehindubusinessline.com. Retrieved 4 July 2023.
  9. ^ Vyas, Varun (20 February 2023). "Adani decides against bid for stake in state-backed PTC India - Bloomberg News". Reuters. Retrieved 4 July 2023.
  10. ^ Vyas, Jwalit (22 August 2018). "Funds unhappy with show of PTC India, want core focus". The Economic Times. Retrieved 24 March 2019.
  11. ^ Dhanjal, Swaraj Singh (6 January 2019). "PTC India begins process to find investor for wind energy business". Mint. Retrieved 24 March 2019.
  12. ^ Jai, Shreya (4 August 2020). "PTC India gets nod to set up third power exchange; launch likely by next FY". www.business-standard.com. Retrieved 4 July 2023.
  13. ^ "PTC India sets up internal committee; not ruling out malafide". The Economic Times. 21 January 2022.
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