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PTC India Limited was established in 1999 by the Government of India as a Public-Private Initiative and is in the power trading business. It is promoted by Power Grid Corporation of India Limited (PGCIL), NTPC Limited (NTPC), Power Finance Corporation Limited (PFC) and NHPC Limited (NHPC).
PTC India is ensuring all shareholders can access its FY 2025-26 Annual Report and AGM notice. Shareholders without registered emails received letters with a direct weblink, facilitating investor access to important company information.
PTC India signed a Power Purchase Agreement with NTPC Renewable Energy Ltd. for 1200 MW of solar power. This bilateral deal strengthens PTC's renewable energy portfolio.
PTC India's Board noted a Ministry of Power directive: NTPC to become the sole promoter. PFC, POWERGRID, and NHPC will exit as promoters and withdraw nominee directors. This structural shift splits the CMD role into a Non-Executive Chairman (NTPC CMD) and an Executive MD.
PTC India partners with NLC India Renewables in a new JV to develop up to 2000 MW of Green Energy Projects (solar, wind, storage) across India. PTC will hold a 26% stake. This collaboration significantly expands PTC's renewable energy portfolio.
PTC India's Board acknowledged a fine from BSE/NSE for past non-compliance with board composition requirements. The company has paid the fine. The Board noted its composition has been compliant for several months.