PTC India Ltd.

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
 
 -Company has recommended to the shareholders dividend @ 12%.
 
 - Shri. I.C.P. Keshari has been appointed as Director of the
 Company.
 
 2010
 
 -RBI gives Infrastructure Finance Company status to PTC India
 Financial Services Limited (PFS) a subsidiary of PTC.
 
 -Board recommends 12% dividend to the Shareholders i.e. Re. 1.20 per
 equity share.
 
 2011
 
 -Board of Directors of the Company has recommended the dividend @ 15%
 (Rs. 1.50 per equity share).
 
 -Mr. V. M. Kaul has been appointed as nominee Director of Powergrid
 Corporation of India Ltd.
 
 2012
 
 -PTC comes into Power Tolling Agreement with SEPL for Nellore based
 thermal power plant.
 
 -Shri Deepak Amitabh has joined as CMD, PTC. Shri S.N. Goel has
 joined as Director (Marketing & Operations), PTC.
 
 -The Company has recommended the dividend @ 15% (Rs. 1.50/- per
 equity share).
 
 2013
 - PTC India has recommended the dividend @ 16% (Rs. 1.60 per equity
 share).
 -PTC and REMC, recently set up venture of Indian Railways and RITES,
 sign MoU to transact power.
 
 2014
 -PTC India has recommended the dividend @ 20% (Rs. 2 per equity
 share).
 
 2016
 - PTC India wins bid in first e-bidding for short term power
 
 2017
 -PTC India ties up pacts for 1,050 mw wind power supply.
 
 2019
 -PTC inks pact for 720 MW Mangdechhu plant in Bhutan.
 
 2020
 -PTC India has bagged consulting projects worth Rs 75 crore from
 state-owned Energy Efficiency Services Ltd (EESL).
 
 2021
 
 -Acquisition of Energy Consulting Business undertaking of IL&FS
 Energy Development Company, a Group Company of IL&FS.