PTC India, VS Lignite ink pact for 115 MW power supply

09 May 2023 CW Team

PTC India, a provider of power trading solutions, and VS Lignite Power have signed a long-term power purchase agreement for the provision of 115 MW of electricity. PTC India and VS Lignite Power entered a long-term power purchase agreement (PPA) for 115 MW.

A 135 MW lignite-fired power plant is run by VS Lignite in Rajasthan’s Bikaner district. A captive lignite mine next to the project provides fuel for the power plant. Through short-term power sale agreements, the company is now selling power to a number of discoms (power distribution companies).

PTC intends to investigate several possibilities for long-term, medium-term, and short-term power sale agreements with state utilities.

The 10,000 MW of generating capacity in PTC's portfolio of long-term PPAs is made up of coal-based, huge hydro, and renewable energy projects. It is the first long-term power contract PTC has ever had with a lignite-based power facility.

Rajib K Mishra, Chairman and Managing Director, PTC India, stated, "This deal strengthens our commitment to securing a secure energy supply and expands PTC's long-term power portfolio. We acknowledge the growing significance of renewable energy and think it is critical to strike the correct balance between them in order to guarantee a sustainable and secure energy future for our nation.

The Indian electricity market's innovator is PTC India. The Indian government has also given the corporation the go-ahead to trade electricity with Bangladesh, Bhutan, and Nepal.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..