PTC India has planned to expand its value-added services such as energy portfolio management and trading and advisory in renewable energy space.
NEW DELHI, Jan 3 (The CONNECT) - Integrated energy solutions provider PTC India has planned to expand its value-added services such as energy portfolio management and trading and advisory in renewable energy space.
The company is also exploring opportunities in emerging areas of Green Hydrogen, Battery Energy Storage Systems through collaborations with global technology companies, said Dr. Rajib K Mishra, CMD (addl. charge), PTC India Limited.
Addressing the company’s 23rd annual general meeting on December 30, Dr Mishra said PTC has also decided to adopt the ESG initiatives and have already identified the KPIs for ESG implementation. The road map for ESG implementation would be ratified by the board in the ensuing board meetings of the company, he said.
The AGM adopted all the five resolutions proposed by the company regarding Approval of the standalone and consolidated results, final dividend of INR 5.80 / equity share, re-appointment of Directors and appointment of nominee director of Ministry of Power were approved by the shareholders with an overwhelming majority.
The company also informed the shareholders about its performance during the financial year 2021-22. The company had declared its consolidated Annual Results for year ending March, 2022 on
24 November 2022. The consolidated profits for the year grew by 21%. The Consolidated PAT increased to INR 552 Crores for FY22 compared to INR 458 Crores in FY21. The company also reported record volumes of 87.5 BU during the financial year 2021-22, a growth of 9.3%.
Further, as a responsible corporate citizen with pan India trading operations, the company is also committed to ensure its contribution to welfare of the communities at various locations in the country. We are undertaking various CSR initiatives through our Trust – “PTC Foundation” which is focusing on social welfare activities in the field of Health, Women Empowerment, Education, Distributed Solar Energy Generation, Rural Development and Environment.
PTC India Ltd.is the pioneer in starting a power market in India. The Company has maintained its leadership position in power trading since inception. PTC has also been mandated by the Government of India to trade electricity with Bhutan, Nepal and Bangladesh. PTC India has two subsidiaries, PFS – a public listed non-banking financial institution registered with RBI and wholly owned subsidiary, PEL with wind energy assets.