PTC India will now manage EESL’s flagship “Street Light National Program (SLNP)” in Gujarat, Bihar, Maharashtra, Jammu & Kashmir and West Bengal.
Order for Gujarat has been received and PTC is the lowest bidder for the remaining states.
Under SLNP, PTC is already offering similar services to EESL in the States of Rajasthan, Andhra Pradesh, Haryana and Uttarakhand.
PTC presently offers consulting services in the areas energy management solutions, distribution management solutions, transmission advisory, regulatory and open access advisory, etc.
PTC India, a Government of India initiative, is the pioneer in starting a power market in India. The company has maintained its leadership position in power trading since inception. PTC has also been mandated by the Government of India to trade electricity with Bhutan, Nepal and Bangladesh.
Shares of the PTC India ended 2.91% lower at Rs 45 on Friday.
