Latest news with #PTCIndia
Mint
20-06-2025
- Business
- Mint
India's power grid gets a summer scare
New Delhi: India faced a power grid scare last week as electricity withdrawn from the transmission network exceeded the available capacity, raising fears about the grid's stability. The available transfer capability (ATC) in the western-to-northern corridor was about 22 gigawatts (GW) against the actual flow of 24.14 GW on 15 June, showed a notice sent to utilities by Grid India Corp. ATC is the volume of power that can be safely supplied between two points. The national power grid controller wrote to the generators and electricity distribution companies (discoms) in the northern region to either lower the withdrawal or ramp up generation. Also read: NHPC shelves plan for co-promoter stake buy in PTC India After temperatures eased in May, there was a heat wave in June, which would have increased the demand, mostly in northern India, leading to congestion, said Vikram V, vice-president and co-group head, corporate ratings, ICRA Ltd. A grid collapse is the worst-case scenario. Nearly 620 million people across 19 states and three Union territories went without electricity for hours together when the northern grid collapsed on 31 July 2012. In a wider blackout, the northern, eastern and north-eastern grids broke down on 1 August 2012. India now has a unified national grid. Vikram said instances of overdrawing were quite common till 2014-25, but have declined since then. Usually, in case of congestion, the grid operator may direct the utilities to reduce the offtake to avert any kind of impact on the grid. Issues arise when discoms draw larger than scheduled power from the inter-state grid to meet the high demand, he said. Addressing entities in the northern region 'over-drawing or under-injecting" power to the grid, the controller's notice said: 'The following regional entities, which are downstream of the congested corridor, are advised to reduce their drawal/increase their generation to decongest the system." Also read: EESL signs energy efficiency pacts worth ₹500 crore Grid India told the utilities in western and southern India to increase demand or decrease generation to decongest the corridor. 'This is a warning notice before levy of congestion charges and issued in accordance with the Central Electricity Regulatory Commission (Measures to relieve congestion in real time operation) Regulations 2009," the notice said. The peak power demand of the country hit 241 GW, the highest this year, on 11 June. That day, the peak demand in the national capital reached 8,231 MW, nearing the record of 8,656 MW recorded last year. The peak demand on 15 June was 226 GW, also on the higher end. Tardy grid expansion Experts suggest that grid expansion is key for reducing incidences of congestion. More so when the installed renewable energy capacity has been rising. Although the government has an ambitious road map to expand the grid, progress has been slow amid land acquisition and right-of-way issues. Data from the Central Electricity Authority (CEA) showed that in FY25, only 8,830 circuit kilometres (ckm) of transmission lines were added, 37.8% lower than 14,203 ckm in the previous fiscal and way short of the target of 15,253 ckm. Mint earlier reported that clouds over vast swathes of north India in May had caused abrupt dips in solar power production, raising worries about the stability of the power grid that serves millions of Indians. Also read: Top power authority mulls sops for critical components as China curbs rare earth supply In February, the national grid operator asked all electricity companies to be alert and supply power to preserve the grid's stability. An analysis by the International Energy Agency (IEA) in March said that countries seeking to prevent or address grid congestion should adopt a proactive approach to grid expansion by means of anticipatory planning and regulatory reforms that incentivize investments in line with countries' energy policy priorities. Congestion can also be mitigated by implementing grid-enhancing technologies, increasing transparency on available capacity, and creating regulatory frameworks and clear price signals to unlock flexibility from consumers, producers and energy-storage assets connected to the grid.
Business Standard
27-05-2025
- Business
- Business Standard
PTC India Q4 PAT spurts 308% YoY to Rs 372 cr; declares dividend of Rs 6.70/sh
PTC India reported a 308.15% year-on-year surge in consolidated net profit to Rs 371.87 crore in Q4 FY25, compared to Rs 91.11 crore in Q4 FY24, primarily driven by an exceptional gain of Rs 305.96 crore. However, revenue from operations declined 14.38% YoY to Rs 2,886.93 crore in Q4 FY25, from Rs 3,371.74 crore in Q4 FY24, reflecting subdued trading volumes in a challenging market environment. Profit before exceptional items and tax stood at Rs 160.85 crore in Q4 FY25, up 6.61% year-on-year from Rs 150.87 crore in the same period a year earlier. The exceptional gain resulted from the complete divestment of PTC's equity stake in its wholly owned subsidiary, PTC Energy (PEL), to ONGC Green. The transaction fetched a total consideration of Rs 1,175.75 crore (net of costs), resulting in a one-time profit of Rs 305.96 crore, which was recorded under "exceptional items" in the company's consolidated financial statements for the quarter and full year ended 31 March 2025. On a standalone basis, net profit rose 528.93% YoY to Rs 521.38 crore in Q4 FY25, even as revenue from operations slipped 14.27% to Rs 2,757.32 crore. Standalone profit before exceptional items and tax came in at Rs 86.38 crore, lower than Rs 133.32 crore in Q4 FY24, primarily due to margin compression. Exceptional items for the quarter amounted to Rs 521.63 crore on a standalone basis. On a full-year basis, the company's net profit jumped 131.66% to Rs 854.78 crore on a 4.64% drop in revenue to Rs 14,999.52 crore in FY25 over FY24. Trading volume for FY25 stood at 82.75 billion units (BUs), up from 74.84 BUs in FY24. Consulting services contributed Rs 50.35 crore to revenue during the year, while the companys core trading margin was maintained at 3.37 paise per unit. Manoj Kumar Jhawar, chairman & MD, PTC India, said, "During the last quarter of FY 24-25, our trading income grew by 14% to Rs 60.20 crore over the corresponding quarter of the last quarter of FY 2023-24. Short-term volumes have contributed 66% of the total volume for the quarter, but an improved margin has helped in better realization of trading income. On our investment management efforts, the divestment of PEL to ONGC Green Limited was completed during the quarter; this has contributed Rs 457.39 crore to the PAT for FY 2024-25. The volume growth of 11% of the FY 2024-25 has been driven by the short-term trades segment without any decline in the trading margin." Meanwhile, the board has recommended a final dividend at the rate of 67%, i.e., Rs 6.70 per share for the financial year ended 31 March 2025. PTC India is principally engaged in trading power. PTC holds a Category I license from the Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes. Shares of PTC India shed 0.08% to Rs 186.40 on the BSE.
Business Standard
27-05-2025
- Business
- Business Standard
PTC India consolidated net profit rises 307.50% in the March 2025 quarter
Sales decline 14.38% to Rs 2886.93 crore Net profit of PTC India rose 307.50% to Rs 351.51 crore in the quarter ended March 2025 as against Rs 86.26 crore during the previous quarter ended March 2024. Sales declined 14.38% to Rs 2886.93 crore in the quarter ended March 2025 as against Rs 3371.74 crore during the previous quarter ended March 2024. For the full year,net profit rose 88.78% to Rs 900.25 crore in the year ended March 2025 as against Rs 476.88 crore during the previous year ended March 2024. Sales declined 5.44% to Rs 15545.86 crore in the year ended March 2025 as against Rs 16439.37 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2886.933371.74 -14 15545.8616439.37 -5 OPM % 7.277.45 - 7.276.46 - PBDT 163.88154.69 6 820.10684.28 20 PBT 161.37152.01 6 810.79674.27 20 NP 351.5186.26 308 900.25476.88 89
Mint
27-05-2025
- Business
- Mint
Gillette India, KEC, Vadilal to PTC India: Seven stocks that declared dividend along with Q4 Results
Dividend Stocks: Gillette India, KEC International , Vadilal Enterprises, PTC India, Sumitomo Chemical India Limited, Bayer CropScience Ltd and Blue Dart Express Ltd; Seven stocks that declared dividend with Q4 Results Gillette India- At its meeting on May 26, 2025, the Gillette India's board of directors recommended a dividend of Rs. 47 per equity share (with a nominal value of Rs. 10/-each) for the fiscal year that ended on March 31, 2025. If approved by the members at the subsequent Annual General Meeting, the divided will be paid between September 3, 2025, and September 30, 2025. At its meeting on May 26, 2025, the KEC International's board of directors recommended a dividend of Rs. 47 per equity share (with a nominal value of Rs. 10/-each) for the fiscal year that ended on March 31, 2025. If approved by the members at the subsequent Annual General Meeting, the divided will be paid between September 3, 2025, and September 30, 2025. VADILAL ENTERPRISES LIMITED- At its May 26, 2025, meeting, the Vadilal Enterprises Limited Board of Directors recommended a dividend of ₹ 1.50 per equity share of ₹ 10 for each fully paid-up share of the company. PTC India Limited- PTC India recommended to the shareholders, for their approval, a final dividend at 67%, or Re. 6.70/-per share, for the fiscal year that concluded on March 31, 2025. The 'Record Date' will be communicated separately in order to determine, which shareholders are eligible to receive the aforementioned Final Dividend. Sumitomo Chemical India Limited- The Board of Directors of Sumitomo Chemical announced a dividend of ₹ 1.20 per equity share for the fiscal year 2024–2025 at its meeting held on Monday, May 26, 2025, on 49,91,45,736 equity shares of ₹ 10/-each. This dividend is contingent upon the approval of the members at the Annual General Meeting and will be paid on or after August 11, 2025. Bayer CropScience Ltd- The Board of Bayer CropScience recommended a final dividend of Rs. 35 per share, which would need to be approved by the shareholders at the company's upcoming annual general meeting. The Board of Blue Dart Express suggested a final dividend of Rs. 35 per share, which would need to be approved by the shareholders at the company's upcoming annual general meeting. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 27 May 2025, 09:16 AM IST
Time of India
26-05-2025
- Business
- Time of India
PTC India net profit jumps 4-fold to Rs 372 cr in Q4
Power trading solutions provider PTC India on Monday posted over fourfold jump in its consolidated net profit to Rs 371.87 crore in the March quarter compared to a year ago mainly due to exceptional gain of Rs 305.96 crore. The company had a consolidated net profit of Rs 91.11 crore in the quarter ended on March 31, 2024, a regulatory filing showed. However, the total income of the company in the quarter dipped to Rs 3,030.51 crore from Rs 3,510.02 crore in the same period a year ago. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo The company got an exceptional gain of Rs 305.96 crore in the quarter from divesting its entire equity in its wholly-owned subsidiary, PTC Energy Ltd (PEL) to ONGC Green. The company received a total sales consideration of Rs 1,175.75 crore (net of costs to sell) and consequently recorded a profit of Rs 305.96 crore, as "Exceptional Items", in the consolidated financial results for the quarter and year ended March 31, 2025. In 2024-25, the company posted a net profit of Rs 976.24 crore as against Rs 533.16 crore in the previous financial year. Live Events Total income in the fiscal also dipped to Rs 16,277.22 crore from Rs 16,805.36 crore in the year ago. The board has recommended a final dividend at the rate of 67 per cent i.e. Rs 6.70 per share for the financial year ended 31st March 2025. According to a company statement, the trading volume for the FY 2024-25 is 82.75 BUs (billion units) vis a vis 74.84 BUs in FY 2023-24. The contribution of consulting income is Rs 50.35 crore for FY 2024-25. The core trading margin stood at 3.37 paise per unit. Manoj Kumar Jhawar, Chairman & Managing Director, PTC India, in the statement, said, "During the last quarter of FY 24-25, our trading income grew by 14 per cent to Rs 60.20 crore over the corresponding quarter of last quarter of FY 2023-24. Short-term volumes have contributed 66 per cent of the total volume for the quarter but an improved margin has helped in better realization of trading income." On our investment management efforts, the divestment of PEL to ONGC Green Ltd was completed during the quarter, and this has contributed Rs 457.39 crores to the PAT for the FY 2024-25, he added. The volume growth of 11 per cent of the FY 2024-25 has been driven by the short-term trades segment without any decline in the trading margin, he noted. PTC India, a Government of India initiative, 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.
