PTC India Ltd. (formerly known as Power Trading Corporation of India
Limited), was incorporated in 1999 to achieve the aforementioned
objective, to act as an entity which could undertake trading of power
to achieve economic efficiency and security of supply and to develop a
vibrant power market in the country. Therefore, PTC has a tri-fold
mandate; to optimally utilize the existing resources to develop a
full fledged, efficient and competitive power market, to attract
private investment in the Indian power sector and to encourage trade
of power with neighboring countries.
2004
-Signs a memorandum of understanding with Enercon for its two wind
power plants in Rajasthan and Karnataka
-Signs Power Purchase Agreement (PPA) to buy 750 MW power from
Australian firm Snowy Mountain Engineering Company (SMEC) which is
setting up a plant at West Seti in Nepal
-Announces an Initial Public Offering (IPO) of 5.85 crore equity
shares of Rs 10 each at a price of Rs 16, issue oversubscribed 46.43
times, becomes the first power trading company to be listed on the
bourses, gets listed at Rs 30.80, a premium of 93% over its issue
price of Rs 16
- PTC signs a MoU with Punjab State Electricity Board (PSEB) for sale
of 100 MW Power from Malana Hydro Electric Project being developed in
the State of Himachal Pradesh by an IPP
-Power Trading Corporation of India Ltd (PTC) has informed that the
Company and ONGC entered into a MoU for trading of entire additional
power by PTC from ONGC's existing and new power generating projects
that are proposed to be set up all over the country
-PTC forges alliance with CESC
-PTC signs MoU with firms for 9000 mw
2005
-PTC India signs Power Sale Agreement for Lanco Amarkantak TPP
2007
-PTC India signs MoU with IIFC
-PTC acquires 26-pc stake in Indian Energy Exchange
-PTC India Ltd has informed that Mrs. Preeti Saran has joined the
Company's Board as Director w.e.f. September 28, 2007.
-PTC geys FIPB nod to rope in foreign cos in subsidiary
2008
- PTC India Ltd has informed that Shri. Deepak Amitabh and Shri.
Shashi Shekhar has been appointed as Directors of the Company as
Whole-time Directors w.e.f. January 25, 2008.
- PTC India Ltd appointed Shri. Satish C Mehta as independent
Director of PTC w.e.f. December 20, 2008. Presently, he is working as
Joint Secretary in the office of Ministry of External Affairs,
Government of India.
-PTC entered into an agreement with Sweco Groner AS, Norway
-PTC forays into wind energy
-IREDA Signs MoU With PTC India & PFSL.
2009
-PTC India to acquire coal mines abroad |