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PTC India receives Rs 778.00 crore from UPPCL

09 Oct 2013 Evaluate

PTC India has received an amount of Rs 778.00 crore from UP Power Corporation (UPPCL) towards past outstanding dues against sale of power to UPPCL.

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.

Peers
Company Name CMP
NTPC 328.40
Tata Power 359.50
Adani Power 206.00
Power Grid Corpn. 258.20
Adani Energy Solut. 1439.00
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