PTC India has bagged new contracts worth Rs 10.08 crore under consulting services. As per the contracts, The company will provide services to Madhya Pradesh Industrial Development Corporation (MPIDC). The company has received Letter of Award for Operations & Management including allied activities for power distribution licence for electrical network situated in the area of Industrial Area of Madhya Pradesh Industrial Corporation located at Mohasa Babai in Hoshangabad district for a period of 3 years.
This is a unique project in India where services to an industrial area for distribution licensee were granted after following due regulatory process as per Electricity Act 2003 by SERC. PTC had supported MPIDC in the process of getting the distribution licence for Mohasa-Babai Industrial Area.
PTC India is principally engaged in trading of power. PTC holds Category I license from Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes.
