Page 2 - Ptc India

PTC India Financial Services Q2 profit rises 65% to Rs 52 crore

The company on Tuesday reported a 65 per cent jump in its net profit

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Stocks of PTC India and Indo Count can see a 10-14 per cent upside from current levels

PTC India's net profit jumps 36% to Rs 136 crore in June quarter

Power trading solutions firm PTC India on Wednesday reported an over 36 per cent jump in consolidated net profit to Rs 136.17 crore for the June 2021 quarter. The company's net profit had stood at Rs 100.06 crore in the June quarter of the financial year 2020-21, it said in a BSE filing. However, the total income fell to Rs 4,959.99 crore during the quarter, from Rs 4,641.28 crore in the year-ago period. Total expenses also reduced to Rs 4,777.10 crore, compared with Rs 4,499.51 crore a year ago. In a separate statement, the company's Chairman and Managing Director Deepak Amitabh said the beginning of the quarter coincided with the onset of the second wave of COVID-19. However, despite the challenging environment, the company ended the quarter with a strong performance, he added. "During the quarter, we also witnessed a gradual shift in the generation pattern of hydro electric plants (HEPs) of Bhutan and Sikkim, after a prolonged winter impacted volumes from HEPs in J&K and ...

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State-owned Union Bank of India has raised Rs 850 crore by issuing Basel-III-compliant bonds on a private placement basis

PTC India posts 4% increase in net profit at Rs 49.77 cr for March qtr

PTC India on Thursday posted a nearly 4 per cent increase in consolidated net profit at Rs 49.77 crore for the March quarter, helped by higher revenues.

PTC India posts 80% jump in net profit at Rs 114 cr in December qtr

PTC India on Friday posted a nearly 80 per cent rise in consolidated net profit at Rs 114.15 crore for the December quarter.

PTC India Q2 net profit down 3.8% to Rs 194 cr over lower power generation

Power trading solutions provider PTC India on Monday reported a 3.8 per cent decline in consolidated net profit at Rs 193.64 crore in the September quarter

PTC India reports 7% rise in consolidated net profit at Rs 100 cr in Q1

The company's net profit stood at Rs 93.26 crore in the April-June period of 2019, it said in a BSE filing.

PTC India gets nod to set up third power exchange; launch likely by next FY

Launch likely by next FY after PTC complies with market regulations

PTC India considers selling controlling stake in its Financial Services arm

PTC financial Services, on standalone-basis, reported a sharp drop in annual profit to Rs 109.99 crore for FY20 from Rs 184.14 cr in FY19

Infra finance major PTC India issues fresh loans worth Rs 884 in Q4 FY20

Existing credit lines of Rs 800 crore were renewed and fresh long-term credit lines of Rs 600 crore were received

PTC chosen as aggregator for buying 2,500 Mw power from stressed producers

The earlier bidding process which was carried out by NHPC in February, 2019, was cancelled due to lack of response from state discoms

Power exchange backed by BSE, PTC, ICICI to divest 60% promoter stake

The proposed electricity exchange is awaiting clearance from the Central Electricity Regulatory Commission

PTC India to sign pacts with 7 firms, 5 states for 1,900MW power by Oct-end

Power trading solutions provider PTC India will sign medium-term power purchase agreements (PPA) for 1,900 MW coal-based power capacities with seven companies and five states by month-end under a pilot scheme, an official said. After this tender, the company plans another round of 3,000 MW of medium term PPAs to give some relief to stressed power projects as PPAs are required for getting fuel supplies, a Power Ministry official told PTI. "PTC India had finalised bids of 1,900 MW capacities last month at a tariff of Rs 4.24 per unit including the nominal fixed cost of one paise per unit for supply of power for the medium term of three years," the official said. The seven companies which would ink PPAs are IL&FS Energy for 550 MW, RKM Powergen for 550 MW, SKS Power for 300 MW, MB Power (Madhya Pradesh) Ltd for 175 MW, Jindal India Thermal Power for 175 MW, Jhabua Power Ltd for 100 MW and JP Nilgiri Project for 100 MW. Five states which would buy power from these plants are ...

PFS to sell two stressed assets to ARC; focus on road, transmission, ports

With the current stress in powergen sector, PFS has 18% of its Rs 134 bn loan portfolio in distress, not all of which are NPAs

PTC India sells its stake in IEX for Rs 132 crore

PTC India Financial Services Limited (PFS) divested its entire stake in Indian Energy Exchange Limited (IEX) for Rs.132.54 crores. Prior to the sale, PFS' investment in IEX stood at Rs. 1.52 crores. IEX provides power trading platform for electricity trade in India, said the company in a public statement. "The current divestment of equity investment will provide headroom for growth and the Company shall leverage the same to scale up its lending activity and achieve sustained growth," said the statement.Dr. Ashok Haldia, MD & CEO, PFS said the exit is made at a substantial return on the investment". "It will strengthen the balance sheet, augment the company's networth, and provide the headroom for increased lending in the infrastructure sector. It has been our constant endeavor to leverage our expertise in order to deliver maximum value to the shareholders," he said.ends

PTC India to cross 50 bn units of electricity sale by 2017-18, says top executive

Asset size of its financial services arm PFS to be Rs 10,000 cr plus in current fiscal, says PTC India CMD Deepak Amitabh

PFS Q4 net jumps over threefold to Rs 49 crore

Promoted by PTC India, PFS is a Non-Banking Finance Company

PTC India gains after arm commissions wind power project in MP

PTC Energy has commissioned 30MW wind power project in Madhya Pradesh