PTC Financial News

Reasons to BuyReasons to AvoidCustomers appreciate the heater’s efficiency and quiet performance, noting it’s cost-effective and heats spaces well. Some mention the shorter power cord and increased electricity bills during winter as minor downsides.The Havells 11 Fin Hestio is ideal for those needing powerful heating with customizable settings.

₹1,000 crore ($111 million), said two people in the know of the developments.An announcement is expected on Monday."The deal value for the acquisition is around ₹1,000 crore. With the slew of fresh acquisitions, Inox Clean may soon file a fresh DRHP (draft red herring prospectus) for its public listing," said one of the two people mentioned above.Mint had earlier reported that SHV Energy has appointed BNP Paribas to sell the solar energy assets of SunSource Energy in a deal having an equity value of around $100 million.

Energy Development Company Ltd.(up 1.83%) and Adani Power Ltd.(up 0.70%) stood among the top gainers.

PTC India on Thursday said it has divested its entire stake in PTC Energy to ONGC Green after receiving the remaining Rs 254 crore as part of the deal. Upon receipt of the total consideration of Rs 1,179 crore, including consideration of Rs 925 crore received on March 4, 2025, from ONGC Green Ltd (OGL), the company announced the completion of transaction of divestment of 100 per cent stake of PTC Energy Ltd to OGL on March 19, 2025, according to a regulatory filing.

Adani Green Energy Ltd.(up 2.37%), ACME Solar Holdings Ltd.(up 1.86%), Suzlon Energy Ltd.(up 1.36%), GE Power India Ltd.(up 1.28%), Inox Wind Energy Ltd.(up 0.89%), Energy Development Company Ltd.(up 0.76%), PTC India Ltd.(up 0.58%), NTPC Ltd.(up 0.54%), Ravindra Energy Ltd.(up 0.22%) and Power Grid Corporation of India Ltd.(up 0.21%) stood among the top gainers.

Jammu and Kashmir Congress president Tariq Hamid Karra on Saturday said that National Hydroelectric Power Corporation is no less than East India Company and is draining the resources of the J&K, besides taking undue consultancy charges from the regional entities. Karra, while speaking on the budget presented by the Omar Abdullah led government in J&K Assembly, also accused the NHPC of inappropriately taking Rs 300 crore as consultancy charges over the last ten years from the regional entity. “A corporate entity which can be considered nothing less than the East India Company…I am talking about NHPC. Post the commissioning of 900 MW Baglihar power project in 2008 which was independently executed and commissioned by state arm JK Power Development Corporation, NHPC came back as Chenab Valley Power Projects (CVPP) — a joint venture between JKSPDC (49% stake), NHPC(49% stake) & PTC (2% stake),” said Karra in the assembly.

Indian oil explorer Oil and Natural Gas Corp will be in focus after it announced that its subsidiary has acquired clean energy company PTC Energy for Rs 925 crore ($106.02 million) as part of its efforts to expand its green energy portfolio. ONGC’s unit, ONGC Green Ltd (OGL) acquired a 100% equity stake in PTC Energy Limited, the company informed on Tuesday. The company has 120 crore equity shares of Rs 10 each by OGL by way of subscription on the right basis, it added.

Adani Wilmar, Ola Electric, Ambuja Cements, Power Grid, JSW Energy among others will be in focus due to various news developments. ONGC Indian oil explorer Oil and Natural Gas Corp said its unit acquired clean energy firm PTC Energy for Rs 925 crore ($106.02 million) as the company looks to ramp up its green energy portfolio.

stock market sell-off over the past seven trading sessions has caused many shares to drop 10-40%. However, more than a dozen stocks have remained resilient, gaining 5-29%, building on their over 25% returns in 2024. These include PTC Industries, Indo Tech Transformers, Goldiam International, Shakti Pumps, Lloyds Metals, Vijaya Diagnostic Centre, Pokarna, and Sundaram Clayton, among others. So far this year, the Nifty fell 2.36%, Nifty Midcap 150 declined 4.14%, Smallcap 250 dropped 9% and Microcap 250 shed 8.36%.

GMR Power and Urban Infra Ltd.(up 5.00%), Torrent Power Ltd.(up 3.63%), SJVN Ltd.(up 1.26%), NLC India Ltd.(up 1.14%), Gujarat Industries Power Company Ltd.(up 0.93%), India Power Corporation Ltd.(up 0.79%), PTC India Ltd.(up 0.72%), Orient Green Power Company Ltd.(up 0.66%), GE Power India Ltd.(up 0.52%) and RattanIndia Power Ltd.(up 0.46%) were among the top gainers.

Energy Development Company Ltd.(up 5.00%), Reliance Power Ltd.(up 4.34%), Transformers & Rectifiers(India)Ltd.(up 2.74%), Ravindra Energy Ltd.(up 2.34%), KEC International Ltd.(up 1.30%), ACME Solar Holdings Ltd.(up 1.25%), Indowind Energy Ltd.(up 1.07%), Hitachi Energy India Ltd.(up 0.94%), Voltamp Transformers Ltd.(up 0.85%) and NLC India Ltd.(up 0.78%) were among the top gainers.

Hitachi Energy India Ltd.(up 6.68%), GMR Power and Urban Infra Ltd.(up 5.00%), Power and Instrumentation(Gujarat)Ltd.(up 4.82%), Indowind Energy Ltd.(up 3.02%), Indo Tech Transformers Ltd.(up 2.30%), Transformers & Rectifiers(India)Ltd.(up 1.76%), GE Power India Ltd.(up 1.60%), Kalpataru Projects International Ltd.(up 0.41%), Reliance Power Ltd.(up 0.38%) and PTC India Ltd.(up 0.37%) were among the top gainers.

Vodafone Idea, Eicher Motors, BSE, Nykaa, PNB Housing among others will be in focus due to various news developments and second quarter results. Vodafone Idea, Eicher Motors, GRSE Shares of Vodafone Idea, Eicher Motors and GRSE will be in focus as the companies will announce their second quarter results later today.

Reliance Power Ltd.(up 4.99%), Jyoti Structures Ltd.(up 3.96%), Adani Power Ltd.(up 2.90%), NHPC Ltd.(up 2.40%), Karma Energy Ltd.(up 1.06%), NTPC Ltd.(up 0.89%), Power Grid Corporation of India Ltd.(up 0.72%), Inox Wind Ltd.(up 0.55%), PTC India Ltd.(up 0.47%) and Suzlon Energy Ltd.(up 0.44%) stood among the top gainers.

Transformers & Rectifiers(India)Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), Jyoti Structures Ltd.(up 4.92%), Voltamp Transformers Ltd.(up 4.48%), Inox Wind Ltd.(up 4.22%), GE T&D India Ltd.(up 3.83%), CESC Ltd.(up 3.59%), Adani Energy Solutions Ltd.(up 2.27%), GE Power India Ltd.(up 1.96%) and Reliance Power Ltd.(up 1.93%) stood among the top gainers.

Indian power companies are being hampered by its inability to access the dollars it requires to pay them, documents showed and sources familiar with the matter said. The country has been struggling to pay its bills due to costly fuel and goods imports since the 2022 war in Ukraine, while political turmoil which led to the ouster of Prime Minister Sheikh Hasina in August has added to its troubles. Bangladesh is urgently seeking $5 billion in financial aid from international lenders to stabilise its dwindling foreign exchange reserves and its central bank has raised key interest rates to tame soaring inflation. Last year, it sought a $4.7 billion bailout from the International Monetary Fund.

KEC International Ltd.(up 5.98%), Ravindra Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), NLC India Ltd.(up 3.26%), Suzlon Energy Ltd.(up 2.49%), JSW Energy Ltd.(up 2.29%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), PTC India Ltd.(up 1.42%), Transformers & Rectifiers(India)Ltd.(up 1.23%) and GE T&D India Ltd.(up 1.22%) stood among the top gainers.

Ravindra Energy Ltd.(up 5.00%), Suzlon Energy Ltd.(up 3.07%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Energy Development Company Ltd.(up 1.83%), Gujarat Industries Power Company Ltd.(up 1.61%), Inox Wind Ltd.(up 1.35%), PTC India Ltd.(up 1.32%), Jaiprakash Power Ventures Ltd.(up 1.23%), GE Power India Ltd.(up 1.16%) and NLC India Ltd.(up 0.93%) were among the top gainers.

Jyoti Structures Ltd.(up 3.18%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Suzlon Energy Ltd.(up 1.89%), GE T&D India Ltd.(up 1.16%), Tata Power Company Ltd.(up 0.76%), India Power Corporation Ltd.(up 0.51%), Reliance Power Ltd.(up 0.49%), JSW Energy Ltd.(up 0.48%), KEC International Ltd.(up 0.46%) and PTC India Ltd.(up 0.36%) stood among the top gainers.

investors — Ashish Kacholia, Rekha Jhunjhunwala, Dolly Khanna, Vijay Kedia and Mukul Agrawal — have hit the jackpot in 2024 with at least 14 of their stocks giving multibagger returns this calendar year. Out of the five top guns of Dalal Street, at least 5 stocks of Kacholia have more than doubled wealth so far in 2024. Advait Infratech, in which the investor owned 2.67% stake at the end of the June quarter, is the biggest gainer in the pack with a massive return of 215% in 2024.

Voltamp Transformers Ltd.(up 6.82%), Hitachi Energy India Ltd.(up 6.37%), Inox Wind Energy Ltd.(up 5.00%), Reliance Power Ltd.(up 4.98%), Jyoti Structures Ltd.(up 4.38%), Suzlon Energy Ltd.(up 4.15%), Adani Power Ltd.(up 3.47%), JSW Energy Ltd.(up 2.96%), GE T&D India Ltd.(up 2.96%) and Indo Tech Transformers Ltd.(up 2.80%) stood among the top gainers.