Latest News | PTC India Bags Contracts Worth Rs 10 Cr

New Delhi, Feb 8 (PTI) Power trading solutions provider PTC India on Tuesday said it has bagged new contracts worth Rs 10.08 crore under consulting services.

As per the contracts, PTC will provide services to Madhya Pradesh Industrial Development Corporation (MPIDC).

Also Read | Apple Reportedly Considered Adding Face ID to 24-Inch M1 iMac.

"PTC India has received Letter of Award for Operations & Management including allied activities for power distribution licence for electrical network situated in the area of Industrial Area of Madhya Pradesh Industrial Corporation located at Mohasa Babai in Hoshangabad district for a period of 3 years at a total value of Rs 10.08 crore," PTC said in a statement.

This is a unique project in India where services to an industrial area for distribution licensee were granted after following due regulatory process as per Electricity Act 2003 by SERC.

Also Read | Signal Now Allows Users To Change Phone Number Without Wiping Out Data.

PTC had supported MPIDC in the process of getting the distribution licence for Mohasa-Babai Industrial Area.

PTC CMD Rajib K Mishra said PTC India is emerging as a strong player in energy management consultancy and is focusing on expanding the consulting business in emerging areas of battery storage, clean energy and hydrogen.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)