PTC India is currently trading at Rs. 94.40, up by 0.68 points or 0.73% from its previous closing of Rs. 93.72 on the BSE.
The scrip opened at Rs. 94.11 and has touched a high and low of Rs. 95.80 and Rs. 93.81 respectively. So far 60002 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 117.50 on 24-Jan-2023 and a 52 week low of Rs. 67.75 on 21-Oct-2022.
Last one week high and low of the scrip stood at Rs. 96.04 and Rs. 92.60 respectively. The current market cap of the company is Rs. 2791.36 crore.
The promoters holding in the company stood at 16.22%, while Institutions and Non-Institutions held 37.23% and 46.55% respectively.
PTC India has inked a long-term power purchase agreement with VS Lignite Power for 115 MW of electricity supply. VS Lignite operates a 135-MW lignite-fired power plant in Bikaner district of Rajasthan. The power plant sources fuel from a captive lignite mine near the project.
The company is presently selling power to various discoms (power distribution companies) through short- term power sale agreements. PTC plans to explore various opportunities to sell this power to state utilities under long-term, medium-term and short-term power sale arrangements.
PTC has a portfolio of long-term PPAs with 10,000 MW power capacity consisting of coal-based, large hydro and renewable energy projects. This marks PTC’s first long-term power agreement with a lignite-based power project.
PTC India is principally engaged in trading of power. PTC holds Category I license from Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes.