PTC India – newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra

PTC India and NTPC Renewable Energy Sign Landmark 25 Year PPA for 1200 MW Solar Power

Newsmantra — Mon, 06 Jul 2026 08:04:37 +0000

NEW DELHI. PTC India Limited has solidified a major long-term Power Purchase Agreement (PPA) with NTPC Renewable Energy Limited to purchase 1200 MW of solar power for a duration of 25 years, marking a vital milestone in India’s clean energy landscape. The official agreement was executed by Shri Bikram Singh, Executive Director of Marketing for PTC India Limited, and Shri Sunit Kumar, Head of Commercial for NTPC Renewable Energy Limited.

The documents were formally exchanged in the presence of top corporate leaders, including Dr. Manoj Kumar Jhawar, Managing Director and CEO of PTC India Limited, Dr. J. S. Chandok, CEO of ONGPL, along with Pankaj Goel, Executive Director and CFO of PTC, HL Choudhary, Executive Vice President of Commercial, and other senior management officials representing NTPC Renewable Energy Limited and NTPC Green Energy Limited. This strategic alliance significantly accelerates the shared decarbonization goals of both public sector giants, establishing a robust supply framework for green electricity to support the nation’s sustainable infrastructure development.

CMD, PTC India address DISCOM CONCLAVE

Newsmantra — Wed, 25 Feb 2026 09:07:51 +0000

NEW DELHI. Dr Manoj Kumar Jhawar, CMD ,PTC India Limited delivering keynote address at the DISCOM CONCLAVE organized by PHD Chamber of Commerce and Industry.The other dignitaries on the dais are Anujesh Dwivedi Harish Saran Ambrish Kumar Khare and Mr. Chetan Purohit.

PTC India celebrated its 26th Annual Day

Newsmantra — Thu, 17 Jul 2025 12:37:40 +0000

PTC India commemorated its 26th Annual Day with grandeur at Bharat Mandapam, embracing the theme “Energy with Environment.” The celebration brought together luminaries from the power and energy sectors, including Shri Shripad Yesso Naik, MoS for Power and New & Renewable Energy, and senior dignitaries such as Shri Mohammad Afzal, Shri Gurdeep Singh, Shri Vikas Narwal, and Dr. Manoj Kumar Jhawar, CMD, PTC India. The event underscored PTC India’s unwavering commitment to sustainability, innovation, and inclusive growth — all elements vital to shaping a greener, energy-secure future for India.

Addressing the gathering, Dr. Manoj Kumar Jhawar emphasized, “PTC India is not just lighting homes, but illuminating hopes. Our journey is powered by purpose — to deliver sustainable energy solutions that drive development while preserving our planet.” The celebrations concluded with a soul-stirring performance by Shri Javed Ali, symbolizing the perfect harmony of energy and emotion — a fitting tribute to the company’s evolving journey where power meets purpose.

NTPC, PGCIL, REC, PFC keen to quit PTC India as its promoter

Newsmantra — Wed, 15 Jan 2025 13:12:08 +0000

Four public sector undertakings — NTPC, Power Grid Corporation of India, PFC and NHPC — are its key shareholders and all of them are promoters of the PTC India Ltd’s, the leading provider of power trading solutions in India established in the year 1999 as a Government of India initiated Public-Private Partnership. They want to give up that role to ringfence the companies from any fallout from the PTC India inquiry. They plan to restrict their participation in PTC India’s affairs, such as board representation. They own a little over 16 per cent of PTC India Ltd. However, the process to do so could take a long time and may need amendments to the existing shareholder agreements.

PTC India Limited adjudicated as the ‘India’s Best Power Trading Enterprise

Newsmantra — Tue, 02 Jan 2024 06:07:27 +0000

PTC India Limited adjudicated as the ‘India’s Best Power Trading Enterprise’ at the 16th ENERTIA Awards 2023, recognizing excellence in sustainable energy, power, and renewables. The prestigious accolade was presented by Falcon Media & Enertia Foundation at the IMC Chamber of Commerce & Industry, Mumbai, during the PRAKASHMAY ceremony.

PTC India Financial Services Q2FY24 net profit rises to ₹59.77 crore

Newsmantra — Tue, 31 Oct 2023 08:39:19 +0000

-PTC India Financial Services (PFS) declared Financial Performance for the Quarter and Half year ended 30th September 2023-

Mumbai, October 31 st 2023: PTC India Financial Services Limited (PFS), a leading financial institution in sustainable green infrastructure finance declared its Financial Performance for the Quarter and Half year ended 30th September 2023. The Profit after Tax (PAT) increased to ₹ 59.77 crore for Q2FY24 against ₹ 36.76 crore for Q1FY24 and ₹ 52.66 crore for Q2FY23.

Company’s NIM (Net Interest Margin) improved to 4.40% for H1FY24 compared to 4.28% a year ago. Also Capital Adequacy ratio stood at 38.58% hereby providing strong cushion for growth and expansion. Further the Return on Asset improved to 3.13% for Q2FY24 and 2.57% for H1FY24 compared to 2.35% in H1FY23.

PFS Management, said “We are pleased to unveil the impressive financial results achieved during the first half of the fiscal year 2024, solidifying our commitment to consistent performance. Overcoming the various challenges encountered, our Company has undertaken a strategic overhaul, reinforcing our operational infrastructure with a seasoned and proficient leadership team. Our strategic moves has positioned us to embark on an upward trajectory, gearing ourselves for sustained growth in the foreseeable future. Our
current focus remains dedicated to enhancing the overall quality of our portfolio, with a keen emphasis on resolving lingering stress assets.

Our concerted effort underscores our unwavering dedication to fortify the foundation of our
business, ensuring the optimal management of risks and bolstering the resilience of our
operations. In parallel, we are actively engaging in the strategic alignment of fresh credit
lines, aiming facilitation for systematic expansion with sustainable growth to sunshine
sectors, to continue to deliver enduring value to all our stakeholders. ”.

New avenues for strengthening regional energy cooperation.

Newsmantra — Wed, 11 Oct 2023 05:08:59 +0000

Dr. Rajib K Mishra, CMD, PTC India, visited Bhutan on October 9, 2023. He engaged in fruitful discussions with Indian Ambassador to Bhutan, Shri Sudhakar Dalela, and key figures in Bhutan’s energy sector. The talks revolved around discovering paving the way for a sustainable and bright future for South Asia.

PTC India Round Table Conference on “One Nation One Tariff for E-Trucks

Newsmantra — Tue, 10 Oct 2023 05:02:02 +0000

PTC India organised a Round Table Conference on “One Nation One Tariff for E-Trucks” at New Delhi with valuable insights from Shakti Sustainable Energy Foundation (SSEF). PTC team presented a comprehensive analysis, emphasizing the importance of implementing a uniform National Tariff Structure for e-Trucks. They illustrated the methodology used to determine this uniform tariff and discussed its potential financial implications. Esteemed stakeholders actively participated, sharing their valuable perspectives on the study and offering constructive suggestions to shape future policies and regulatory frameworks.

The Roundtable Conference saw participation from prestigious organizations like JSERC, OERC, JERC, BRPL, NREDCAP, TPDDL, Tata Power, PFC, Wipro, and

many more.

PTC India plans to provide 24×7 power trading solutions: CMD

Newsmantra — Tue, 18 Jul 2023 06:31:50 +0000

PTC India Limited is planning to provide round-the-clock (RTC) power offerings by “blending” green energy with thermal, its CMD Rajib Kumar Mishra has said. The offerings will also include storage solutions, the official made the remarks at the company’s 24th Annual Day in the national capital.

PTC India aims to provide round-the-clock power offerings by blending renewable energy with thermal generation and storage solutions,” Mishra said.

PTC is a public-private partnership with major PSUs of the power ministry as promoters. It undertakes trading activities that include long-term trading of power generated from large power projects as well as short-term trading. Money Control

PTC India Financial Services: MD sent on leave four months ahead of superannuation

Newsmantra — Thu, 22 Jun 2023 06:24:35 +0000

PTC India Financial Services MD & CEO Pawan Singh has been sent on leave four months ahead of his superannuation in October this year. The unceremonious move was taken in the light of persistent allegations of corporate misgovernance. This action has been result of RBI intervention on the matter . Newly appointed Director (Finance) Mahendra Lodha will take over the responsibilities of the MD & CEO till the appointment of a regular MD & CEO.