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

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..