PTC India

What PTC India does

PTC India Limited is a publicly listed (NSE and BSE), Government of India initiated Public-Private Partnership established in 1999 that operates as India's largest power trader with approximately 32% market share. The company functions as a regulated intermediary connecting power generators (thermal, hydro, renewable) with state electricity utilities and distribution companies, addressing supply shortfalls through short-term and long-term bilateral power purchase agreements, exchange-based transactions, and bidding processes. Its primary customers are state electricity boards and distribution utilities such as Kerala State Electricity Board (KSEB), Jharkhand Bijli Vitran Nigam Ltd (JBVNL), and Noida Power Company Limited (NPCL), with services also extending to cross-border power trade with neighboring countries.

The company's technology backbone consists of two proprietary digital platforms: Bijli Vyapar, an online power trading portal enabling short-term electricity purchases and sales, and Bijli Bazaar, a digital marketplace for power exchange transactions. These platforms are complemented by a suite of services spanning Solutions for Generators, Solutions for Utilities, Cross Border Power Trade, PTC Retail, Consultancy/Advisory, Energy Efficiency, Renewable Energy trading, and Project Financing. Subsidiaries include PTC Energy Limited (consultancy and renewable advisory), PTC India Financial Services, and Bijli Vyapar Limited (platform operations). Joint ventures are being built in renewable energy generation with NLC India Renewable Limited (500MW initial, targeting 2,000MW) and NTPC Green Energy Limited (renewable power sales MoU).

PTC India generates revenue primarily through transaction-based commissions and fees on power trading volumes, with pricing driven by volume traded and prevailing market tariffs rather than disclosed tiers. The company serves both sides of its two-sided platform — earning on intermediation between generators seeking offtake and utilities facing deficits — and earns a 6.8% dividend yield as a small-cap listed power-trading stock. Q4 FY26 trading volume reached 23,572 MUs (24% YoY growth) with full-year FY25–26 volume growth of 12%, while full-year FY26 PAT from continuing operations was Rs 7,174.4 million versus Rs 8,537.3 million in the prior year (which included Rs 2,417.2 million from a subsidiary divestment), implying a 17% comparable PAT growth.

Name

PTC India

Legal name

PTC India Limited

Website

https://ptcindia.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PTC India Limited is India's largest power trader (32% market share), operating as a Government of India PPP established in 1999. It intermediates electricity transactions between power generators and state electricity utilities via its Bijli Vyapar and Bijli Bazaar digital platforms, earning transaction-based fees.

Ownership category

akta.pro rank

Product category

Power Trading Services

NAICS

Commodity Contracts Intermediation (523160), Commodity Contracts Intermediation (52316)

SIC

Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Power (Electricity) Wholesale Trading & Marketing (EUAGAAAA)

akta.pro secondary industries

Trading Platforms, ETRM/CTRM & Market Connectivity (APIs, Messaging, Integrations) (EUAMAMAN), Retail Supply & Corporate Energy Procurement (Green Tariffs, Retail PPAs, C&I Supply) (EUAMAMAM), Renewable Attribute Portfolio Management & Optimization (EUAGAFAD)

Keywords

• Power trading
• Electricity exchange
• Renewable energy
• Energy consultancy
• Cross border electricity

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Others

Revenue model

1. Power Trading: PTC India acts as an intermediary in power trading, earning commission/transaction fees by facilitating electricity transactions between power generators and state electricity utilities. The company trades power through exchange platforms and bilateral contracts.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

PTC India operates as India's largest power trader, acting as an intermediary that procures electricity from power generators (thermal, hydro, renewable) and sells it to state electricity utilities and distribution companies through bilateral contracts, short-term and long-term purchase agreements, and its proprietary digital trading platforms (Bijli Vyapar and Bijli Bazaar). The company supplements trading with consulting, advisory, renewable energy facilitation, cross-border power trade, and project financing services.

Product overview

PTC India operates as India's largest power trading company with a diversified platform-plus-services architecture. The core offerings center on two digital trading platforms: Bijli Vyapar (power trading portal) and Bijli Bazaar (power exchange platform), which together facilitate electricity transactions between generators and utilities. These platforms are complemented by a suite of specialized services including Solutions for Generators, Solutions for Utilities, Cross Border Power Trade, PTC Retail, Consultancy/Advisory Solutions, Energy Efficiency services, Renewable Energy trading, and Project Financing. The company commands approximately 32% market share in India's power trading sector, with renewable energy and green hydrogen emerging as growth areas.

Differentiator

Problem solved

Functional benefit

Brands

• Bijli Vyapar: Power trading platform/solution for utilities and generators
• Bijli Bazaar

Products and services

• Bijli Vyapar
• Bijli Bazaar
• Solutions for Generator
• Solutions for Utilities
• Cross Border Power Trade
• PTC Retail
• Consultancy/Advisory Solutions
• Energy Efficiency
• Renewable Energy
• Project Financing

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Nine partnerships are on record, tiered minor, core and major.

• Manikaran Power LtdminorOthers · 15 June 2026Short-term power supplier to Kerala State Electricity Board (KSEB) as part of petition for regulatory approval to address projected power deficits from June 15 to December 31, 2026.
• Jindal Power LtdminorOthers · 15 June 2026Short-term power supplier to Kerala State Electricity Board (KSEB) as part of petition for regulatory approval to address projected power deficits.
• Shree Cement LtdminorOthers · 15 June 2026Short-term power supplier to Kerala State Electricity Board (KSEB) as part of petition for regulatory approval to address projected power deficits.
• REC LimitedminorStrategic or Co-development Partner · 29 April 2026Tripartite agreement signed in Patna with South Bihar Power Distribution Company Limited, North Bihar Power Distribution Company Limited, and PTC India Ltd to introduce third-party verification for smart meter rollouts under the Revamped Distribution Sector Scheme. The pilot program aims to ensure smart meter installations meet proper standards and improve accountability.
• South Bihar Power Distribution Company LimitedminorOthers · 29 April 2026Part of tripartite agreement for smart meter verification along with REC Limited, North Bihar Power Distribution Company Limited, and PTC India.
• North Bihar Power Distribution Company LimitedminorOthers · 29 April 2026Part of tripartite agreement for smart meter verification along with REC Limited, South Bihar Power Distribution Company Limited, and PTC India.
• NTPC Green Energy Limited (NGEL)coreStrategic or Co-development Partner · 31 March 2026MoU signed on March 31, 2026 to enhance renewable power sales in India through market-based mechanisms and bilateral agreements. The partnership aims to increase green energy supply and distribution, support grid integration of renewable capacity, and develop a more competitive renewable energy market.
• Hindustan Power Exchange Ltd (HPX)coreStrategic or Co-development PartnerPTC India holds 22.62% equity stake in HPX, which exceeds the 5% cap mandated under CERC (Power Market) Regulations, 2021 for trader-members on power exchanges. CERC rejected HPX's plea for a three-year transitional exemption to allow PTC India to continue trading while gradually reducing its stake. This leaves PTC India unable to trade electricity on HPX, the exchange it helped create.
• NLC India Renewable Limited (NIRL)majorStrategic or Co-development PartnerJoint venture company formed between NIRL (subsidiary of NLC India Limited) and PTC India Limited to develop renewable energy projects in India. Initial target of 500MW capacity with plans to expand to 2,000MW, including solar, wind, hydro, and green technologies.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ptc_indialtd
• Facebookfacebook.com/ptcindialtd
• LinkedInlinkedin.com/company/ptc-india-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PTC India