PTC India Ltd. Company Profile : Products,Promoters and Clients

Company Description: PTC India, a public-private partnership established in 1999, aims to improve India's power sector. Despite increased generation capacity, demand continues to outpace supply. PTC mitigates credit risks for private power projects and facilitates power trading to address regional imbalances. It has grown significantly since its inception, serving all Indian state utilities and some neighboring countries.

Q1. What are the Product and service offerings of the company?

PTC India provides a variety of products and services to the power sector, including:

• Power trading: PTC facilitates the buying and selling of power between generators and utilities, helping to address regional imbalances in supply and demand. This includes both long-term and short-term trading arrangements.
• Credit risk mitigation: PTC helps to mitigate credit risks for private power projects, making them more attractive to investors.
• Cross-border power trade: PTC facilitates the import and export of power between India and neighboring countries.
• Consultancy and advisory services: PTC provides consultancy and advisory services to clients in the power sector.

They serve a wide range of customers, including central and state government entities, public sector companies, multinational corporations, and private businesses.

Q2. Who are the Promoters/Management of the company?

PTC India is promoted by Power Grid Corporation of India Limited (PGCIL), NTPC Limited (NTPC), Power Finance Corporation Limited (PFC) and NHPC Limited (NHPC).

Dr. Rajib K Mishra is the current Chairman & Managing Director of PTC India Ltd., appointed on March 29, 2023. Prior to this, he served as the additional CMD since November 2021 and joined the PTC Board as Director (Marketing and Business Development) in 2015. With over 37 years of experience across POWERGRID, NTPC, and PTC India, he has held key positions and played a significant role in PTC's retail business. Dr. Mishra is actively involved with various power committees of trade bodies and holds a PhD from Aligarh Muslim University. He has authored several books and technical papers in his field.

Shri Mohammad Afzal holds a B.Sc. (Engg) in Electrical Engineering from AMU, Aligarh, and an M.E. in Power System Engineering from IIT Roorkee. He joined the Central Electricity Authority in November 1996 and has served in various divisions, gaining over 25 years of experience in substation designing, grid monitoring, power allocation, fuel assessment for thermal and gas-based plants. Currently, Shri Afzal is working as Joint Secretary (Transmission) in the Ministry of Power and was appointed as the Government Nominee Director on the Board of PTC w.e.f. December 6, 2022.

Q3. Who are the Clients of the company?

PTC has a diverse client base comprising central government administrative and operational authorities, public sector entities that are leaders in oil refining and transportation, leading multinational companies involved in manufacturing and selling FMCG and pharmaceutical products, as well as major cement manufacturers. The total number of clients has crossed 837, out of which 478 are currently active in the Power, Renewable Energy Certificates (REC), and Energy Saving Certificates (ESCerts) segments.