PTC India secures two long-term power purchase agreements for 215 MW

02 Jun 2023 CW Team

PTC India, a power trading solutions provider, has recently signed two long-term agreements for the purchase of 215 MW of electricity, according to the company's CMD, Rajib K Mishra. One agreement entails the purchase of 100 MW of solar power from Brookfield Renewables, while the other involves the purchase of 115 MW of thermal power from V S Lignite. Mishra confirmed that both agreements are for long-term arrangements. PTC India will market the procured power to various utilities, as well as commercial and industrial consumers. Regarding the company's Q4 results, Mishra stated, "We have announced a dividend of Rs 7.80 per equity share to our shareholders. The payment reflects our confidence in the business model and prospects of growth in the future." In the March quarter, PTC India reported a 17.67% decline in consolidated net profit, amounting to Rs 1.29 billion, compared to Rs 1.57 billion in the same period of the previous fiscal year. However, the company's total income increased from Rs 31.07 billion to Rs 36.43 billion year-on-year. Mishra attributed the decline in net profit to a "49% reduction in net surcharge earned to Rs 1.08 billion in FY23.”

Without disclosing specific figures, he expressed optimism about robust business revenue growth in the financial year 2023-24. PTC India aims to seize opportunities such as providing consultancy services to stakeholders, signing new power purchase agreements (PPAs) throughout the year, and increasing power supply from existing PPAs. Mishra revealed, "PTC India has registered a 33% increase in trade volume in the month of April FY23. We are eyeing robust growth." He further stated that the company has observed a month-on-month rise of 33% in traded volume of power in April 2023, with the trend expected to continue due to the expanding infrastructure across the country.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..