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PTC India surges on inking MoU with NPTI to perform joint R&D in Energy Domain
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PTC India is currently trading at Rs. 192.20, up by 6.45 points or 3.47% from its previous closing of Rs. 185.75 on the BSE.
The scrip opened at Rs. 188.80 and has touched a high and low of Rs. 193.55 and Rs. 188.80 respectively. So far 146529 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 254.65 on 01-Feb-2024 and a 52 week low of Rs. 84.00 on 03-Apr-2023.
Last one week high and low of the scrip stood at Rs. 195.15 and Rs. 181.60 respectively. The current market cap of the company is Rs. 5671.52 crore.
The promoters holding in the company stood at 16.22%, while Institutions and Non-Institutions held 38.48% and 45.30% respectively.
PTC India and National Power Training Institute (NPTI) have entered into a Memorandum of Understanding (MoU) to establish a Centre of Excellence (CoE) for Research & Development in the Energy Domain, with a focus on promoting sustainable development goals.
The outcomes of the CoE's Research and Development endeavours will be disseminated to the power sector through Training and Capacity building. Under the MoU, NPTI and PTC India will collaborate to undertake research, development, and knowledge sharing through the CoE.
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.
