PTC India approves final dividend of Rs 5.80 per equity share

New Delhi: Power trading solutions provider PTC India on Monday said its shareholders have approved a final dividend of Rs 5.80 per equity share for 2021-22. This final dividend is in addition to the interim dividend of Rs two per equity share, said the company in a statement. Meanwhile, the consolidated profits for the year ending March grew by 21 percent. The consolidated PAT (profit after tax) increased to Rs 552 crore for FY22 compared to Rs 458 crore in FY21. The company also reported record volumes of 87.5 BU (billion units) during the financial year 2021-22. Thus, it recorded a growth of 9.3 percent.

PTC India appoints Mohammad Afzal as Govt Nominee Director

AGM approved final dividend of Rs 5.80 per equity share on Dec 30

"The shareholders during the annual general meeting (AGM) on December 30 approved the final dividend in addition to the interim dividend, making it the highest-ever dividend declared by the company," it said.

'PTC India is exploring opportunities in green hydrogen & battery energy storage systems'

"We are also exploring opportunities in emerging areas of green hydrogen, battery energy storage systems through collaborations with global technology companies," said Rajib K Mishra, CMD (additional charge), PTC India.

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