PTC India , a leading provider of power trading solutions in India, has announced a significant move towards expanding its presence in the renewable energy sector. The company's Board of Directors has approved entering into a Joint Venture Agreement with NLC India Renewables Limited to develop green energy projects across India.

Joint Venture Details

The proposed joint venture aims to develop up to 2000MW of green energy projects, including solar, wind, hydro, and battery storage systems. This pan-India initiative will be implemented in a phased manner. The ownership structure of the joint venture is set to be:

This strategic partnership is expected to enhance PTC India's portfolio in the renewable energy sector and contribute to the country's clean energy goals.

Financial Performance

Alongside this strategic move, PTC India has reported its financial results for the quarter and half-year ended September 30. The company's performance shows resilience and growth:

The company's core trading margin stood at 3.68 paise per unit, indicating stable operational efficiency.

Management Commentary

Dr. Manoj Kumar Jhawar, Chairman & Managing Director of PTC India, commented on the results: "A healthy mix of volume from trades across different tenures has contributed to the growth of 9% in trading volume in Q2-FY26. The short-term has contributed 53% of the volume and balance has been contributed by medium- & long-term contracts."

Dr. Jhawar also expressed optimism about future market dynamics, stating, "With the introduction of market-oriented initiatives by CERC, like VPPA, coupling of the exchange traded markets and power market regulations (first amendment), we expect increasing demand of new products and services from clients (generator and consumers)."

Board Appointments and Compliance Issues

PTC India's Board has made two key appointments:

1. Re-appointment of Shri Prakash Mhaske as Non-Executive Independent Director for a second term of three years, effective January 16, 2026.
2. Appointment of Shri Sukhdev Singh, IAS (Retd.) 1987 Batch, as Additional Director and Independent Director for three years, effective November 11, 2025.

Both appointments are subject to shareholder approval.

In a separate development, the company's Board met on November 11, 2025, and acknowledged non-compliance with Regulation 17(1) of SEBI Listing Regulations regarding Board of Directors composition. As a result, PTC India received fines from BSE and NSE, which have been paid by the company. The Board noted that its composition has been compliant with the regulation since June 7, 2025. The exchanges had initially communicated about the fine through letters dated August 29, 2025.

These strategic moves, financial results, and compliance updates demonstrate PTC India's commitment to growth in the power sector, with a particular focus on renewable energy, while also addressing regulatory requirements. The joint venture with NLC India Renewables Limited positions the company to play a significant role in India's transition to cleaner energy sources.

PTC India , a leading provider of power trading solutions, has reported a robust financial performance for the second quarter of fiscal year 2026, with a 21% year-over-year increase in profit after tax (PAT) to ₹425.00 crores. The company has also outlined plans for energy trading expansion and renewable energy initiatives.

Financial Highlights

PTC India's financial results for Q2 FY2026 showcase strong growth:

The company's consolidated profit before tax from continuing operations increased by 36% to ₹298.06 crores in Q2 FY2026, compared to ₹218.90 crores in the same quarter last year.

Strategic Expansion and Green Initiatives

PTC India has set forth a series of strategic initiatives aimed at capitalizing on the evolving energy landscape:

1. Energy Trading Expansion: The company has guided for an expansion in energy trading, projecting a volume of 90 billion units for FY2025, representing a 6% year-over-year growth.

2. Renewable Energy Focus: PTC India aims to double its renewable trading volume by FY2028, underscoring its commitment to clean energy solutions.

3. Green Power Exchange Platform: The company is exploring the development of a green power exchange platform, which could potentially enhance the renewable energy trading market in India.

4. Strategic Partnerships: PTC India has entered into strategic partnerships for battery energy storage and cross-border power trade, positioning itself in emerging energy technologies and international energy commerce.

5. Digitalization and Risk Management: The company is focusing on digitalization and risk hedging as key growth drivers, aiming to enhance operational efficiency and mitigate market volatilities.

6. Merchant Market Participation: PTC India is increasing its participation in the merchant market, potentially opening up new revenue streams and market opportunities.

Joint Venture for Green Energy Projects

PTC India's Board of Directors has approved entering into a Joint Venture Agreement with NLC India Renewables Limited. The joint venture aims to:

• Develop up to 2000 MW of Green Energy Projects across India
• Focus on solar, wind, hydro, and battery storage systems
• Implement the projects in a phased manner

The proposed joint venture structure allocates 74% stake to NLC India Renewables Limited and 26% to PTC India Limited, subject to necessary approvals and conditions.

Management Commentary

Dr. Manoj Kumar Jhawar, Chairman & Managing Director of PTC India, commented on the results: "A healthy mix of volume from trades across different tenures has contributed to the growth of 9% in trading volume in Q2-FY26. The short-term has contributed 53% of the volume and balance has been contributed by medium- & long-term contracts."

He further added, "With the introduction of market-oriented initiatives by CERC, like VPPA, coupling of the exchange traded markets and power market regulations (first amendment), we expect increasing demand of new products and services from clients (generator and consumers). We expect to penetrate deeper into the opportunity space around identified growth areas and maintain our leadership position."

PTC India's financial performance, coupled with its strategic initiatives in renewable energy and energy trading expansion, positions the company for growth in the evolving power sector landscape. The focus on digitalization, risk management, and green energy projects demonstrates PTC India's commitment to adapting to market trends and regulatory changes while maintaining its leadership in the power trading domain.