PTC India Share Price Reports 3.5% Increase Following Divestment of Renewable Energy Unit

Market Performance

On March 5, 2025, PTC India share price increased by 3.5%, reaching ₹149.20 per share during early morning trade. This movement followed the announcement that Oil and Natural Gas Corporation (ONGC) had completed the acquisition of PTC Energy Limited for ₹925 crore. Before this, PTC India shares experienced a decline of 42% from previous highs but have shown a recovery trend, gaining approximately 7% this month.

Main News

PTC Energy Limited, a subsidiary of PTC India, has been acquired by ONGC Green Limited, a wholly owned subsidiary of ONGC. The acquisition deal was valued at ₹925 crore.

PTC Energy Limited, founded in August 2008, manages wind power plants with a combined installed capacity of 288.80 megawatts (MW).These facilities are spread across seven locations in the Indian states of Madhya Pradesh, Andhra Pradesh, and Karnataka. The company manages 157 wind turbine generators (WTGs) across its operational sites.

Company Financial Details

For the financial year 2024 (FY24), PTC Energy Limited reported the following results:

• Revenue: ₹322.49 crore
• Profit Before Tax: ₹56.17 crore
• Profit After Tax: ₹41.79 crore

Sector Context

By 2030, India aims to achieve a national target of 500 gigawatts (GW) in non-fossil fuel electricity generation capacity. However, progress has fallen short of a previously targeted milestone of 175 GW by 2022.

Company Overview

In the year 1999 PTC India Limited was founded by Government of India through a public-private initiative.The company engages in power trading operations. Key promoters include Power Grid Corporation of India Limited (PGCIL), NTPC Limited, Power Finance Corporation Limited (PFC), and NHPC Limited.

Stock Movement History

Between October 2022 and February 2024, shares of PTC India experienced a notable increase of 138%. However, subsequent market conditions led to a decline of 42% from its peak. Over the past five months, the stock recorded consecutive losses but has begun to regain momentum, increasing nearly 7% this month.

Summary

PTC India's recent share price movement reflects the completion of its renewable energy subsidiary's sale to ONGC for ₹925 crore. PTC Energy Limited's operational portfolio, financial performance, and the broader context of India's renewable energy goals provide insights into this development. The company continues its activities within the power trading sector, backed by prominent public sector enterprises.