PTC India

Last updated

PTC India Limited
FormerlyPower Trading Corporation of India Limited
Company type Public
ISIN INE877F01012
Industry Energy
Founded16 April 1999;24 years ago (1999-04-16) [1]
Founder Government of India [1]
HeadquartersNBCC Tower, 15 Bhikaji Cama Place, ,
India [2]
Areas served
India, Nepal, Bhutan, and Bangladesh
Key people
Dr.Rajib.K.Mishra (Chairman & MD) [3]
RevenueDecrease2.svg17,680 crore (US$2.2 billion) [4]  (FY2022)
Decrease2.svg1,540.22 crore (US$190 million) (FY2022)
Decrease2.svg426.36 crore (US$53 million) (FY2022)
Owners
Subsidiaries
  • PTC India Financial Services Limited (65%)
  • PTC Energy Ltd. [6]
Website www.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]

Related Research Articles

<span class="mw-page-title-main">Hindalco Industries</span> Indian multinational aluminium manufacturing company

Hindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai, Maharashtra, India.

<span class="mw-page-title-main">Larsen & Toubro</span> Indian multinational conglomerate company

Larsen & Toubro Limited, abbreviated as L&T, is an Indian multinational conglomerate, with interests in engineering, construction, manufacturing, technology, information technology, military and financial services. It is headquartered in Mumbai, Maharashtra.

<span class="mw-page-title-main">Suzlon</span> Indian wind turbine company

Suzlon Energy Limited is an Indian multinational wind turbine manufacturer headquartered in Pune, India.

<span class="mw-page-title-main">Adani Group</span> Indian multinational conglomerate

Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons development and manufacturing, and infrastructure. More than 60 percent of the Adani Group's revenue is derived from coal-related businesses.

<span class="mw-page-title-main">Adani Ports & SEZ</span> Indian multinational port operator and logistics company

Adani Ports and Special Economic Zone Limited is an Indian multinational port operator and logistics company, based in Ahmedabad, India. A subsidiary of Adani Group, APSEZ is India's largest private port operator with a network of 12 ports and terminals, including India's first deep water Transshipment Port Vizhinjam International Seaport Thiruvananthapuram and India's first port-based SEZ at Mundra.

<span class="mw-page-title-main">Bharat Petroleum</span> Indian central public sector undertaking

Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking (PSU) under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. BPCL was ranked 309th on the Fortune list of the world's biggest PSUs in 2020, and 792nd on Forbes's "Global 2000" list in 2021.

<span class="mw-page-title-main">Gautam Adani</span> Indian billionaire industrialist (born 1962)

Gautam Shantilal Adani is an Indian billionaire business magnate, who is the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India.

Reliance Power Limited (R-Power), formerly Reliance Energy Generation Limited (REGL) is a part of the Reliance Anil Dhirubhai Ambani Group. It was established to develop, construct, operate and maintain power projects in the Indian and international markets. Reliance Infrastructure, an Indian private sector power utility company and the Reliance ADA Group promote Reliance Power. The present CEO of Reliance Power is K. Raja Gopal since 2 May 2018.

<span class="mw-page-title-main">Welspun Energy</span> Independent power company

Welspun Energy Private Limited is an independent power company based in New Delhi, India. It is a subsidiary of Welspun Group.

<span class="mw-page-title-main">Adani Power</span> Indian multinational Electricity company in Ahmedabad, India

Adani Power is an Indian multinational power and energy company, subsidiary of Adani Group and based in Khodiyar in Ahmedabad, India. It is a private thermal power producer, with a capacity of 12,450 MW and operates a mega solar plant of 40 MW at Naliya, Bitta, Kutch, Gujarat. Adani Godda Power is implementing a 1,600 MW plant at Jharkhand. The company has signed long term power purchase agreements of about 9,153 MW with the government of Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, and Punjab.

<span class="mw-page-title-main">NTPC Limited</span> National Thermal Power Corporation, Central Public Sector Undertaking coal mining

NTPC Limited, formerly known as National Thermal Power Corporation, is an Indian central Public Sector Undertaking under the ownership of the Ministry of Power and the Government of India, who is engaged in the generation of electricity and other activities. The headquarters of the PSU are situated at New Delhi. NTPC's core function is the generation and distribution of electricity to State Electricity Boards in India. The body also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management, and operation and management of power plants.

The Indian Energy Exchange (IEX) is an Indian electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission (CERC). IEX started its operations on 27 June 2008. Indian Energy Exchange pioneered the development of power trading in India and provides an electronic platform to the various participants in power market, comprising State Electricity Boards, Power producers, Power traders, and Open Access Consumers.

<span class="mw-page-title-main">Adani Enterprises</span> Indian multinational holding company

Adani Enterprises Limited (AEL) is an Indian multinational publicly-listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore. Through its various subsidiaries, it also has business interests in airport operations, edible oils, road, rail and water infrastructure, data centers, and solar manufacturing, among others.

Patanjali Foods, formerly known as Ruchi Soya Industries Ltd, is an Indian multinational Fast-moving consumer goods company specialized in the food industry, part of the Patanjali Ayurved. It headquartered in Indore, India.

<span class="mw-page-title-main">Ambuja Cements</span> Indian cement company

Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited (GACL), is a major Indian cement producing company. The Group markets cement and clinker for both domestic and export markets.

Public Sector Undertakings (PSU) or Public Sector Enterprises (PSE) in India are government-owned enterprises in which 51 percent or more share capital is held by the Government of India or state governments or Joint venture between multiple Public Sector Enterprises. Depending on the level of government ownership, they can be broadly categorised as Central PSUs or State PSUs. These entities include government companies, statutory corporations, banking institutions, and departmentally run companies. PSUs are officially classified into three categories, which are Central Public Sector Enterprises (CPSE) and Public Sector Banks (PSB) owned by the central government or other CPSEs/PSBs, and State Level Public Enterprises (SLPE) owned by state governments or other SLPEs. CPSE is further classified into Strategic Sector and Non-Strategic Sector. Depending on their financial performance and progress, CPSEs are granted the status of Maharatna, Navaratna, and Miniratna.

<span class="mw-page-title-main">Adani Green Energy</span> Indian renewable energy company

Adani Green Energy Limited (AGEL) is an Indian renewable energy company, headquartered in Ahmedabad, India. It is owned by Indian conglomerate Adani Group. The company operates Kamuthi Solar Power Project, one of the largest solar photovoltaic plants in the world.

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission company headquartered in Ahmedabad. Currently, it is one of the largest private sector power transmission companies operating in India. As of July 2020, the company operates a cumulative network of 12,200 circuit kilometers, and more than 3,200 circuit kilometers are under various stages of construction.

India Grid Trust (IndiGrid) is an Indian power sector infrastructure investment trust (InvIT), sponsored by KKR & Sterlite Power (SPTL). Established on 21 October 2016, the entity is registered with SEBI pursuant to the InvIT regulations to own power transmission and renewable assets. Harsh Shah is the CEO and Director of IndiGrid and Jyoti Kumar Agarwal is the CFO.

RattanIndia, formerly RattanIndia Infrastructure Ltd, is an Indian company that is involved in the energy sector. The traditional focus of the company was on coal on thermal power, however more recently the company has expanded its scope, focusing more on emerging technologies and e-commerce.

References

  1. 1 2 3 "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.