PTC India Ltd. (formerly known as Power Trading Corporation of India Limited), was incorporated in 1999 to undertake trading of power to achieve economic efficiency and security of supply and to develop a vibrant power market in the country. Therefore, PTC has a tri-fold mandate:
- To optimally utilize the existing resources to develop a full fledged efficient and competitive power market.
- To attract private investment in the Indian power sector.
- To encourage trade of power with neighboring countries.
The pioneering service of the Company led to recognition of “Power Trading” as a distinct licensed activity in the Electricity Act 2003. PTC holds Category I license from Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes.