About PTC India Limited

PTC India Limited is India’s leading power trader, incorporated in 1999, with a mandate to develop a vibrant power market and facilitate long, medium, and short-term electricity trade across the country and neighbouring cross-border markets. PTC operates pan-India and services Nepal, Bhutan, and Bangladesh for cross-border transactions, with exports forming about 10% of turnover in FY 2024–25. Its core activities include sale and purchase of electricity, exchange-based trades of agency nature, and consultancy and advisory services to generators, utilities, and corporates. The company is headquartered at NBCC Tower, New Delhi, and functions through regional offices within India.

History and milestones: Established as Power Trading Corporation of India Limited and later renamed PTC India Limited, the company has built two decades of domain expertise in forward physical electricity markets and has expanded into cross-border power commerce. In June 2025, the Board approved amending the Memorandum of Association to enable proprietary trading in commodity and electricity derivatives on recognised exchanges, reflecting a strategic evolution towards SEBI-regulated financial market participation. In May 2025, Dr. Manoj Kumar Jhawar assumed charge as Chairman & Managing Director, marking a leadership transition.

Products/services:

• Electricity trading (long/medium/short term), including exchange-based agency trades.

• Cross-border power trade solutions.

• Consultancy and advisory services for market participants.
  

Operating geographies:

• India across 28 states and 8 union territories.

• International: Nepal, Bhutan, and Bangladesh.

Group structure:

• Subsidiary: PTC India Financial Services Limited (PFS) — 64.99% ownership at FY 2023–24 and continuing as a consolidated subsidiary in FY 2024–25.

• Associate: Hindustan Power Exchange Limited — 22.62%.

• PTC Energy Limited ceased to be a subsidiary on March 4, 2025, with profit on sale recognized as an exceptional item.

Key financial scale (standalone): Revenue from operations was Rs 15,611.04 crore for the year ended March 31, 2025; power sales contributed Rs 14,967.95 crore, surcharge Rs 561.17 crore, consultancy Rs 50.35 crore, and agency nature revenue netted to Rs 31.57 crore. Exports (outside India) were Rs 1,014.10 crore, with India accounting for Rs 14,596.94 crore.

PTC India Limited Business Segment

PTC reports a single operating segment — power — under Ind AS 108 at the standalone level. Geographic disaggregation for FY 2024–25:

• India — Rs 14,596.94 crore (93.5%)

• International — Rs 1,014.10 crore (6.5%)

• USA within international — Not disclosed.

PTC India Limited Key Management

• Dr. Manoj Kumar Jhawar — Chairman & Managing Director.

• Shri Mohammad Afzal — Director (MoP Nominee).

• Smt. Sangeeta Kaushik — Director (NTPC Nominee).

• Shri Rajiv Ranjan Jha — Director (PFC Nominee).

• Shri Rajiv Kumar Rohilla — Director (POWERGRID Nominee).

• Shri Rajneesh Agarwal — Director (NHPC Nominee).

• Company Secretary: Shri Rajiv Maheshwari.
  

Latest Updates on PTC India Limited

• Appointment of CMD: Dr. Manoj Kumar Jhawar appointed Chairman & Managing Director with effect from May 13, 2025, after approvals from promoter companies.

• Strategic expansion into derivatives: Board approved amendment to MoA (June 23, 2025) to enable proprietary trading in power and commodity derivatives on MCX, NSE, BSE, etc., following SEBI’s clearance for electricity derivatives.

• Portfolio rationalisation: PTC Energy Limited ceased to be a subsidiary on March 4, 2025; profit on sale recognised as an exceptional income of Rs 521.63 crore.

Credit rating: Short-term limits and commercial paper rated A1 by ICRA and CRISIL during FY 2024–25.