PTC zooms 6% after clocking record 87,000 million unit trade volume in FY22

NEW DELHI – Shares of PTC India jumped 6.4 per cent in early trade on Monday as the power trading solutions provider said it has registered a record trade volume of 87,450 million units in 2021-22, a jump of 9.25 per cent from the previous year.

PTC India’s counter climbed to a high of Rs 91.55 as against Rs 86.05 at the previous close on the BSE.

According to reports, in the previous financial year, the company for the first time facilitated the import of power by Bhutan in order to meet an intermittent requirement of around 400 MW in the winter months.


The company also started 200 MW worth of power supply to neighbouring Bangladesh from Sembcorp Energy, facilitating the resolution of a long-pending matter, reports said.

In 2021-22 (Apr-Mar), the company signed an agreement for power supply to Nepal Electricity Authority for 70 MW, reports said.

It also signed 820 MW worth of medium-term PPA (Power Purchase Agreement)/PSA (Power Sale Agreement) under a pilot scheme for a period of three years, reports said.

Last month, the Andhra Pradesh High Court directed the Danu Wind Parks DISCOM to clear dues to PTC as per the PPA rate, reports said.

Danu Wind Parks has developed two wind power projects i.e., 22.8 MW and 25.3 MW in the Kurnool and Anantpur districts in Andhra Pradesh, which were commissioned in the year 2016 and 2018 respectively.

PTC had sanctioned term debt of Rs 117 crore and Rs 169 crore in the instant loan accounts respectively.