PTC India wins Mumbai Port Trust tender worth Rs9cr

11 Jan 2022 , 09:34 AM

PTC India Limited has won the bid for providing “Technical Advisory Services, Operation & Maintenance of Electrical HT & LT network, System & Consumer Energy Metering & Billing Support to Mumbai Port Trust (MbPT) for a period of three years”.

Dr. Rajib K Mishra, CMD In-charge, PTC India said that “PTC India has won this assignment by outbidding other large players operating in this field. Further, he said that Distribution Management Services is one of the focus areas for the growth of the Consulting Business and company shall continue to allocate more resource and energy in this area.”

PTC has been providing similar services in Power Distribution Management to Ports and SEZs for the last 5-6 years. PTC has worked with four major ports in India Viz. Deenadayal Port (Kandla Port), Mumbai Port, Jawaharlal Nehru Port and Paradip Port. It is also working with the State Industrial Development Corporations of Madhya Pradesh and Andhra Pradesh in providing distribution management services for their SEZs and Industrial Areas.

The stock is currently trading at Rs109.75 down by Rs0.1 or 0.09% from its previous closing of Rs109.85 on the BSE.