PTC India soars on receiving interest of supply of 3500 MW of RE against 1,000 MW sought
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PTC India is currently trading at Rs. 76.45, up by 3.55 points or 4.87% from its previous closing of Rs. 72.90 on the BSE.
The scrip opened at Rs. 73.35 and has touched a high and low of Rs. 76.50 and Rs. 73.55 respectively. So far 173495 shares were traded on the counter.
The BSE group 'Z' stock of face value Rs. 10 has touched a 52 week high of Rs. 131.80 on 08-Nov-2021 and a 52 week low of Rs. 67.75 on 21-Oct-2022.
Last one week high and low of the scrip stood at Rs. 76.50 and Rs. 70.00 respectively. The current market cap of the company is Rs. 2249.66 crore.
The promoters holding in the company stood at 16.22%, while Institutions and Non-Institutions held 40.71% and 43.07% respectively.
PTC India has received an interest of supply of 3500 MW of Renewable Energy (RE) from a total of 14 of the top RE producers against its Expression of Interest for procurement of 1000 MW for onward sale through market linked RE products. This model will lead to significant changes in the present electricity market structure and speed up the renewable energy generation.
Most of the big domestic private players, including Tata Power Renewable Energy (TPREL), Torrent Power and ReNew Power, participated in the process. Besides, many internationally renowned companies like Enel Green and Engie Power have also shown interest.
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.
