PTC India appoints Dr Manoj Kumar Jhawar as CMD; announces 50% interim dividend

New Delhi: PTC India Limited, the leading power trading company, has announced the appointment of Dr. Manoj Kumar Jhawar as its new Chairman and Managing Director (CMD). The decision was taken during a meeting of the Board of Directors held earlier on Saturday.

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Dr Jhawar, who has been serving as Whole Time Director (Commercial & Operations) since January 18, 2024, and had been holding the additional charge of CMD since June 13, 2024, will now formally assume the role, subject to the company's Articles of Association. His tenure will continue until he reaches the age of superannuation at 60 years.

An accomplished professional, Dr. Jhawar holds a Ph.D. in Management Sciences from Devi Ahilya University, Indore, along with a degree in Mechanical Engineering and a Master's in Industrial Engineering and Management. He is also a qualified Cost Accountant from ICAI. Over a career spanning more than three decades, Dr. Jhawar has held senior leadership positions across power distribution and public sector undertakings, including Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Ltd. and KIOCL Ltd.

In addition to the leadership appointment, the Board also approved an interim dividend of 50 percent (Rs 5 per equity share of Rs 10 each) for the financial year 2024-25. The record date for determining shareholders eligible for the interim dividend has been fixed as May 5, 2025.

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