PTC India has inked Memorandum of Understanding (MoU) with South Delhi Municipal Corporation for adoption of part of Bhikaji Cama Place under its ‘Swachh Bharat Abhiyan’. As per the MOU, the company will provide the civic services within the adopted area of Bhikaji Cama Place.
Earlier, PTC India disclosed a small rise in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company rose 9.58% to Rs 47.93 crore from Rs 43.74 crore in the same quarter last year.
PTC India acts as intermediary between buyer and sellers of power. In case of cross-border trading, the company plays the role of a nodal agency. It offers advisory services for setting up independent power producing plants.
