PTC zooms ~11% on logging 87,000 million unit trade volume in FY22

PTC India’s scrip added nearly 11% so far in the day as it informed investors of clocking a trade volume of 87,450 million units in the financial year 2021-22, registering a growth of 9.25% over the last year.

PTC India’s stock was trading at Rs95.25, up by 10.56% against its previous close of Rs86.15 on NSE.

In the previous financial year, the company facilitated the import of power by Bhutan to meet an intermittent requirement of about 400 MW in the winter season.

The company also started supplying 200 MW of power to neighbouring Bangladesh from Sembcorp Energy, facilitating the resolution of a long-pending matter.

The company has also signed an agreement for power supply with the Nepal Electricity Authority for 70 MW, along with 820 MW worth of medium-term PA under a pilot scheme for a period of three years.

So far in the day, its counter hit a high of Rs96.85.