Home Nepal stock PTC India: Press Release Q-3 FY 2021-22

PTC India: Press Release Q-3 FY 2021-22

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PRESS RELEASE

New Delhi, 10e January 2022:

“PTC India wins tender from Mumbai Port Trust worth Rs. 9 Cr.”

PTC India Limited won the tender for the provision of ‘HV and LV power network technical consultancy, operation and maintenance services, energy metering and billing of systems and consumers to Mumbai Port Trust (MbPT) for a period of three years ”.

CMD Manager Dr Rajib K Mishra said, “PTC India won this assignment by outbidding other major players operating in this field. In addition, he said that distribution management services are one of the focus areas for the growth of the consulting company. Businesses and enterprises will continue to allocate more resources and energy in this area. ”

PTC has been providing similar power distribution management services to ports and SEZs for 5-6 years. PTC has worked with four major ports in India viz. Deenadayal Port (Kandla Port), Mumbai Port, Jawaharlal Nehru Port and Paradip Port. It also works with Madhya Pradesh and Andhra Pradesh State Industrial Development Companies to provide distribution management services for their SEZs and industrial zones.

About PTC India Limited

PTC India Ltd., an initiative of the Indian government, is pioneering the launch of an electricity market in India. The Company has maintained its leadership position in the electricity business since its inception. PTC has also been commissioned by the Indian government to trade electricity with Bhutan, Nepal and Bangladesh.

The business activities undertaken by PTC include the long-term trading of electricity produced from large power projects, including renewables, as well as the short-term trading resulting from the mismatch of supply and demand. , which inevitably occur in various parts of the country.

The Company is credited with a number of products in the electricity trading market to meet the varying needs of customers. Driven by the vision of shaping a vibrant electricity market, PTC has provided value-added services to its customers and established trust as a reliable partner. Electricity traded from cross-border resources is an important component of the total electricity traded by the Company.

PTC is a unique example of a successful public-private partnership with the major PSUs of the Department of Energy, the Government of India as promoters and a widely owned stake. The diverse composition of its board of directors includes eminent personalities as independent directors.

For more information, contact:

Anand Kumar

PTC India Limited 98739 88920

PTC India Limited

(Formerly known as Power Trading Corporation of India Limited)

CIN: L40105DL1999PLC099328

2nd Floor, NBCC Tower, 15 Bhikaji Cama Place New Delhi – 110 066 Tel. : 011-41659500, 41595100 Fax: 011-41659142

Website: www.ptcindia.com