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PTC India gets shareholders’ nod to sell 100% stake in PTC Energy to ONGC

30 Mar 2024 Evaluate

PTC India has received shareholders’ approval for selling 100 per cent equity stake in its arm PTC Energy to Oil and Natural Gas Corporation (ONGC) for an enterprise value of Rs 2,021 crore. The enterprise value of PTC Energy includes Rs 925 crore bid of ONGC as well as over Rs 1,100 crore debt component which will be transferred to the oil company after the transaction is complete. The divestment of PTC Energy is part of the strategy to exit the non-core business.

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.


PTC India Share Price

184.80 2.00 (1.09%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
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