Power Trading Co Q2 PAT up 185% to Rs33 cr

Power Trading Co Q2 PAT up 185% to Rs33 cr

New Delhi: State-run Power Trading Co (PTC) said that its profit after tax (PAT) for the quarter ended 30 September jumped 185% to Rs33 crore, from last year.

The income from operations stood at Rs2,031 crore against Rs1,467 crore in the same quarter of the previous financial year, a company statement said.

The company has signed a 50:50 joint venture agreement with state-run BHEL for setting up Barak Power Private Ltd to develop 2x125 MW coal-based thermal power station in Assam.

PTC has also signed an agreement with ONGC-Tripura Power Company for purchase of 600 MW capacity from Tripura Gas Power Project.

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