PTC India today said its Director Finance and CFO, Deepak Amitabh, would take over as Chairman and Managing Director of the company from October 11.
In an interview to CNBC-TV18, TN Thakur, chairman and managing director of PTC India says, volumes have depressed because of the stoppage of supply to the major states. “Going forward, from April onwards, the volumes will catch up as in the past."
Power trading solutions provider hopes to maintian volume growth at around 25-30% for FY12 on the back of various projects which are expected to add volumes in the long-term and short-term.
PTC India Financial Services (PFS) promoted by PTC India Ltd (PTC) will sell 12.75 crore shares via initial public offering (IPO).