Stock Report

PTC India Ltd - Key Highlights for FY 2021-22

Posted On : 2022-04-01 19:59:55( TIMEZONE : IST )

PTC clocked a record volume of ~87,450* Million Units of energy during the FY 2021-22. Even in challenging times of Covid-19, PTC continued to develop new products/services and was able to achieve 9.25% growth in its trading volume compared to previous years.

Key highlights of the company during FY2021-22:

- To emphasize the growth in consultancy and technology, PTC started a new centre at Gurugram.

- Cross border trading got further emphasis:

* PTC facilitated import of power by Bhutan (DGPC) for the 1st time to meet its intermittent requirement of around 400 MW in winter months.

* PTC started 200 MW of power supply to Bangladesh from Sembcorp Energy India Ltd, resolving a long pending matter.

* PTC signed an agreement for supply of power to Nepal Electricity Authority for 70 MW

- PTC signed 820 MW of medium term PPA/ PSA under Pilot scheme-2 for a period of 3 years.

- TANGEDCO has appointed PTC India Limited as Aggregator for procurement of upto 1500 MW power for 5 years under medium term.

- IIDC (a subsidiary of IL&FS) is targeted to be acquired by PTC by 30th April'2022.

- PTC added new consultancy contracts with a consolidated value of approx. Rs. 49.02 cr in FY 21-22.

- To capitalize the market opportunities and develop new business areas for the company, PTC formed a high level Technical Advisory Committee comprising of senior officials like Mr. SK Sonnee (former CEO-POSOCO), Mr. Rajeev Sharma (former CMD-PFC), and Dr. AK Rath (former Secy-MoHRD)

- To enter the Future and Derivatives market, PTC has started a new cell and has also engaged Dr. Pankaj Sinha, (professor, FMS) to conduct a comprehensive program and developed its core senior executives.

- As part of company's corporate social responsibility, PTC India board gave its nod for construction of Patient Waiting Hall and Vishram Sadan in the premises of Lady Hardinge Medical College under its CSR initiative (PTC Foundation Trust). PFT also undertook multiple initiatives in the field of women empowerment & livelihood, Environment Conservation, Child education, Sanitation and Healthcare.

- Hindustan Power Exchange (promoted by PTC, BSE and ICICI) received CERC approval for setting up of power exchange. The matching engine and necessary hardware are now in place and the Exchange operations are expected to be initiated within the next 60 days.

Shares of PTC India Limited was last trading in BSE at Rs. 86.05 as compared to the previous close of Rs. 82.35. The total number of shares traded during the day was 188355 in over 2323 trades.

The stock hit an intraday high of Rs. 86.40 and intraday low of 82.65. The net turnover during the day was Rs. 16076167.00.