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PTC India Target 82
PTC India (PTC) is the pioneer in power trading in India, and over the years has emerged as a power solutions company. It
was set up in April 1999 with a mandate to catalyze the development of large power projects by acting as a single buyer for
PPAs with independent power producers on one hand and by entering multi-partite PPAs with users and SEBs under longterm
arrangements. Thegovernment has identified PTC as its nodal agency for trading power with neighboring countries. In
FY11 PTC had market share of 40% in ST volumes.
A change in the business mix towards long-term contracts extends volume and margin visibility and PTC will benefit from
CERC regulation of no cap on long term volumes.
PTC's addressable market will rise due to open access to intra-state transmission, easing of inter-state grid constraints and
commissioning of new merchant power plants.
PTC Financial Services (PFS) and PTC Energy (PEL) witnessed business traction. As at December 2010, PFS‘ equity
base was INR4.4b and net worth was INR6.6b, which will increase to INR5.6b and INR10.2b respectively after their issues.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
PTC India Target 82
PTC India (PTC) is the pioneer in power trading in India, and over the years has emerged as a power solutions company. It
was set up in April 1999 with a mandate to catalyze the development of large power projects by acting as a single buyer for
PPAs with independent power producers on one hand and by entering multi-partite PPAs with users and SEBs under longterm
arrangements. Thegovernment has identified PTC as its nodal agency for trading power with neighboring countries. In
FY11 PTC had market share of 40% in ST volumes.
A change in the business mix towards long-term contracts extends volume and margin visibility and PTC will benefit from
CERC regulation of no cap on long term volumes.
PTC's addressable market will rise due to open access to intra-state transmission, easing of inter-state grid constraints and
commissioning of new merchant power plants.
PTC Financial Services (PFS) and PTC Energy (PEL) witnessed business traction. As at December 2010, PFS‘ equity
base was INR4.4b and net worth was INR6.6b, which will increase to INR5.6b and INR10.2b respectively after their issues.
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