PTC signs fresh agreements for Supplying 200 MW Power to Bangladesh for 15 years

PTC India Ltd., supplying 290 MW power to Bangladesh, has signed two new Agreements for supplying 200 MW power to Bangladesh on short term and long term basis to a total for 15 years. The short term Power for 200 MW power is from power pool of West Bengal State Electricity Distribution Company Ltd (WBSEDCL) and long term power will be supplied through imported coal from Meenakshi Energy Limited's imported coal based project.

With this new addition in cross border supply PTC will add more than 1.5 billion units to its existing supply of 7 billion units with neighbouring countries (Bangladesh, Bhutan and Nepal).

The transaction is expected to give export earning of USD 1.8 Billion over its contract period.

Shares of PTC INDIA LTD. was last trading in BSE at Rs.71.35 as compared to the previous close of Rs. 68.2. The total number of shares traded during the day was 253366 in over 912 trades.

The stock hit an intraday high of Rs. 71.9 and intraday low of 68. The net turnover during the day was Rs. 17898416.

Source : Equity Bulls

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