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PTC India gains on inking MoU with Solar Energy Corporation of India

13 Oct 2015 Evaluate

PTC India is currently trading at Rs. 66.50, up by 0.30 points or 0.45% from its previous closing of Rs. 66.20 on the BSE.

The scrip opened at Rs. 66.40 and has touched a high and low of Rs. 66.90 and Rs. 66.00 respectively. So far 18729 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 104.75 on 18-Nov-2014 and a 52 week low of Rs. 50.20 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 67.40 and Rs. 61.80 respectively. The current market cap of the company is Rs. 1959.58 crore.

The promoters holding in the company stood at 16.22% while Institutions and Non-Institutions held 59.22% and 24.56% respectively.

PTC India has signed a memorandum of understanding (MoU) with Solar Energy Corporation of India (SECI) for the sale and purchase of power generated from 3,000 MW of solar projects. The power from these projects will be sold for onward sale on a long term basis for 25 years from the commercial operation date of each project to the state electricity distribution utilities.

Under the MoU, SECI will facilitate development of 3,000 MW of solar projects at various locations on behalf of central public sector units or any other government/private agency and the company will purchase solar power offered by SECI/project developers for onward sale to state utilities at tariffs to be determined by SECI through reverse auction process or any other competitive route.

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.


PTC India Share Price

177.25 -1.40 (-0.78%)
02-Jul-2026 16:59 View Price Chart
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