PTC India Bags New Contracts Over Rs 10 Cr Under Consulting Services

PTC India has been expanding its business under the Consultancy Services. PTC India has received the Letter of Award for Operations & Management including allied activities for Power Distribution License 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 at a total value of Rs. 10.08 Crores. The scope under the project includes power procurement and portfolio management, O&M of distribution network and capacity building and marketing activities. This is a…

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There Will Be Fair Inquiry Into Alleged Governance Issues At PFS: Promoter

PTC India Chairman and Managing Director Rajib K Mishra on Friday said there will be a fair inquiry into alleged corporate governance issues at its subsidiary PFS where all independent directors resigned enmasse over the issues. In an unusual development, all three independent directors of PTC India Financial Services (PFS), which is a systemically-important Non-Banking Finance Company (NBFC) — put in their papers on Wednesday. Kamlesh Shivji Vikamsey, Santosh B Nayar and Thomas Mathew T had resigned on the grounds of corporate governance issues at the company. Against this backdrop,…

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PTC India Financial Services Q2 profit rises 65% to Rs 52 crore

PTC India Financial Services (PFS) on Tuesday reported a 65 per cent jump in its net profit to Rs 51.46 crore for the September 2021 quarter. The non-banking finance company had posted a net profit of Rs 31.85 crore in the corresponding quarter of the previous financial year. However, the total income during July-September quarter also fell to Rs 242.34 crore, against Rs 297.98 crore in the year-ago period, PFS said. Net Interest Margin (NIM) (Earning Portfolio) improved to 4.14 per cent in Q2FY22 compared to 3.70 per cent in…

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PTC India’s Net Profit Jumps 36% To Rs 136 Cr In Jun Quarter

Power trading solutions firm PTC India on Wednesday reported an over 36 per cent jump in consolidated net profit to Rs 136.17 crore for the June 2021 quarter. The company’s net profit had stood at Rs 100.06 crore in the June quarter of the financial year 2020-21, it said in a BSE filing. However, the total income increased to Rs 4,959.99 crore during the quarter, from Rs 4,641.28 crore in the year-ago period. Total expenses also increased to Rs 4,777.10 crore, compared with Rs 4,499.51 crore a year ago. In…

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