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PTC India joins hands with BSE, ICICI Bank to form new power exchange

30 Apr 2019 Evaluate

PTC India (PTC) has executed a SSA and SHA on April 26, 2019 with BSE Investments (BSE) and ICICI Bank (ICICI) for investment in a Company (proposed new power exchange).

The SSA / SHA shall govern the inter-se rights and obligations of the shareholders of the Company. It is proposed that, subject to the relevant consents under the applicable law to be obtained by the Company, it will establish and operate a new power exchange in India.

PTC India is engaged in the business of trading activities that includes long term trading of power generated from large power projects as well as short term trading in India.

Peers
Company Name CMP
NTPC 326.20
Tata Power 366.80
Adani Power 203.00
Power Grid Corpn. 269.25
Adani Energy Solut. 1339.40
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