Deepak Amitabh

PTC India to be nodal entity for supply of wind power

"PTC India is the nodal entity for supplying power to utilities after entering into a power purchase agreement (PPA) with successful bidders," PTC India said in a statement.

Expect power portfolio to increase by 400-500 mw this year: PTC

PTC India is in discussion with Ministry of New and Renewable Energy (MNRE) to get the power market introduced in the renewable sector. The discussions are at an advanced stage. "We believe during this year this market should also begin", Deepak Amitabh, CMD of PTC India said.

PTC's Q1 net up 13% to Rs 56.45 cr

The state-run firm had a net profit of Rs 49.75 crore in the year-ago period, it said in a statement.

FY17 profitability to be better than FY16: PTC India

The UDAY scheme would take at least 6-12 months to show results, said Deepak Amitabh, CMD, PTC India.

PTC India Q3 profit zooms nearly 7-fold to Rs 45.33 crore

The company had posted a net profit of Rs 6.63 crore for the corresponding quarter of the previous fiscal. Total income has increased to Rs 2,947.12 crore for the quarter under review in the current fiscal from Rs 2,832.59 crore for the same quarter a year ago.

PTC India ties up with Solar Energy Corp for solar power

Under the said arrangement, SECI will facilitate development of 3,000-mw solar projects at various locations in the country on behalf of central public sector undertakings (CPSUs) or any other government/private agency, it said.

Hope to maintain FY15 vol growth, profitability: PTC India

The company posted a 9.57 percent rise in standalone net profit at Rs 47.93 crore for the quarter ended June 2015.

Posted good operating margins despite lower vols: PTC India

Total income from operations increased by 5 percent to Rs 2,823.24 crore during the period under from Rs 2,751.47 crore in the corresponding period of the last financial year, PTC India said in a BSE filing.

Good volumes, realisations drove Q3 performance: PTC India

PTC India‘s bottomline got a boost from Rs 73 crore of net realisations from surcharge (amount overdue on sale of power), its CMD Deepak Amitabh said.

UP discoms have cleared dues completely: PTC India

The Uttar Pradesh (UP) discoms, Deepak Amitabh, chairman and managing director, PTC India, further added, are also planning to clear all the surcharges.

Other discom dues at normal levels of working cap: PTC

Speaking to CNBC-TV18 just days after the company received dues worth Rs 778 from the Uttar Pradesh government, Deepak Amitabh, chairman and managing director, PTC India says the company has cleared its dues with Tamil Nadu discoms as well.

Hopeful of maintaining profit from tolling segment: PTC

PTC India reported 23 percent growth in profit at Rs 37 crore vs Rs 30.1 crore in a year ago period. CMD, Deepak Amitabh is hopeful of maintaining growth in FY14. He believes the company will maintain profits in its tolling segment in next couple of years.