“Trading volumes during the period were impacted due to high tariffs in short term power markets and supply side constraints on back of high prices of imported and e- auction coal. PTC’s robust business model that has withstood the volatile market prevailing in the first two quarters has also allowed us to explore newer models especially in the renewable energy aggregation space.
We are creating newer offerings for the renewable energy market along with taking market and credit risks by using our domain knowledge. With the country planning to meet its target of 500 GW installed RE capacities by 2030, PTC looks forward to play a major role in introducing new renewable energy products for the regional power markets and being a proactive player in this exciting journey of Energy Transition.”
Dr. Rajib K Mishra, CMD (Addl. Charge), PTC India Ltd, said this at the announcement of PTC India’s financial results for Q1 (April to June) and Q2 (July to September) of FY23.