About PTC India Limited

PTC India Limited is an integrated energy services company with its core in electricity trading and portfolio management. The company was established in 1999 by the Government of India through a Cabinet decision as a public–private initiative to mitigate payment risks for mega projects, develop a power market, promote power trading and facilitate exchange of power with neighbouring countries. PTC operates across the domestic over-the-counter market, undertakes short-, medium- and long-term trades for utilities, serves retail (open access) consumers, and participates in cross-border trade. It also offers renewable energy solutions, investments, portfolio management services, energy efficiency implementation, and transmission infrastructure-based services.

Geographically, PTC supplies power to 27 States/Union Territories and trades power with Nepal, Bhutan and Bangladesh. The company serves over 500 industrial (retail) customers, reinforcing its role in balancing demand–supply mismatches across tenors in the Indian power market. PTC has 2 subsidiaries within its group, reflecting its expansion into financial services and renewable energy generation over time.

PTC India Limited Milestone

Key milestones include introducing the electricity trading concept in India and starting trade in 2002; being among the first to receive a trading licence post the Electricity Act, 2003; co-promoting India’s first electricity exchange (IEX); pioneering long-term PPAs to independent power producers and the renewable sector; and enabling cross-border trade with Nepal, Bhutan and Bangladesh. The company has consistently maintained a leadership position, with a dominant market share of over 40% and total traded power of 80 BUs in FY-21, while serving a broad national footprint.

PTC India Limited Key Management

• Mr. Deepak Amitabh – Chairman and Managing Director
• Dr. Rajib K. Mishra – Director (Marketing and Business Development)

Latest Updates on PTC India Limited

• Strategic Initiatives: In the latest period covered, PTC advanced initiatives across the energy value chain. It filed a petition, in association with ICICI Bank and the Bombay Stock Exchange, to obtain a licence to run and operate an electronic exchange platform, underscoring its market development role. The company was also selected as trader for the sale and purchase of 1,000 MW of wind power, signalling continued scale in renewables.
• Operational Highlights: Operationally, PTC undertook distribution network Operations & Maintenance at MPAKVN-SEZ (Indore), JNPT and DDUPT; delivered a bouquet of transmission connectivity services including feasibility studies, surveys, cost estimation, engineering and bid process management to refineries; and provided round-the-clock power portfolio management for entities such as DNH, REMCL, NDMC and various discoms. It conducted energy audits at SEEPZ SEZ and through EESL programmes for agriculture feeders and railway stations, as well as for industries and commercial establishments.
• Group Performance: Within the group, the systemically important non-deposit taking NBFC is classified by RBI as an Infrastructure Finance Company and reported a fund-based debt portfolio of Rs 10,752 crore as of March 31, 2021, with spreads and NIM around 2.71% and 3.47%, respectively. The renewable energy subsidiary had total wind assets of 288.8 MW as on March 31, 2019, spread across Madhya Pradesh, Karnataka and Andhra Pradesh.