PTC India rises on bagging contracts worth Rs 10 crore under consulting services
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PTC India is currently trading at Rs. 95.00, up by 1.35 points or 1.44% from its previous closing of Rs. 93.65 on the BSE.
The scrip opened at Rs. 93.90 and has touched a high and low of Rs. 95.95 and Rs. 93.90 respectively. So far 7664 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.45 on 19-Oct-2021 and a 52 week low of Rs. 62.50 on 09-Feb-2021.
Last one week high and low of the scrip stood at Rs. 97.25 and Rs. 93.30 respectively. The current market cap of the company is Rs. 2772.12 crore.
The promoters holding in the company stood at 16.22%, while Institutions and Non-Institutions held 46.59% and 37.19% respectively.
PTC India has bagged new contracts worth Rs 10.08 crore under consulting services. As per the contracts, The company will provide services to Madhya Pradesh Industrial Development Corporation (MPIDC). The company has received Letter of Award for Operations & Management including allied activities for power distribution licence for electrical network situated in the area of Industrial Area of Madhya Pradesh Industrial Corporation located at Mohasa Babai in Hoshangabad district for a period of 3 years.
This is a unique project in India where services to an industrial area for distribution licensee were granted after following due regulatory process as per Electricity Act 2003 by SERC. PTC had supported MPIDC in the process of getting the distribution licence for Mohasa-Babai Industrial Area.
PTC India is principally engaged in trading of power. PTC holds Category I license from Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes.
