PTC India Receives Shareholders' Approval for Energy Arm Divestment

03 Apr 2024 CW Team

PTC India has garnered the approval of its shareholders to proceed with the divestment of its entire stake in the energy arm. This decision underscores PTC India's strategic move to streamline its operations and focus on its core business areas.

The divestment of the energy arm signifies PTC India's commitment to optimising its portfolio and unlocking value for its stakeholders. By offloading its stake in the energy division, the company aims to reallocate resources towards initiatives that align with its long-term growth objectives.

The shareholders' nod for the divestment reflects their confidence in PTC India's strategic vision and their support for the company's efforts to enhance shareholder value. The move is expected to enable PTC India to strengthen its financial position and pursue new opportunities in the evolving energy landscape.

PTC India's decision to divest its energy arm comes amid a dynamic market environment and changing regulatory landscape in the power sector. By divesting non-core assets, the company aims to enhance its agility and competitiveness in the market while focusing on areas of strategic importance.

As PTC India proceeds with the divestment process, it remains committed to ensuring a smooth transition and maximising value for all stakeholders involved. The company will continue to explore opportunities to drive growth and innovation in its core business segments, positioning itself for sustainable success in the energy industry.

Infrastructure Transport

19 Dec 2025

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..