Source:Econimic times
NEW DELHI : PTC India Financial Services, a subsidiary of PTC India Ltd, has entered into an agreement in Ind-Barath Powergencom for picking over one-fourth stake in the latter\\`s 189 MW thermal power plant.

PTC would acquire 26 per cent equity stake in the power plant being set in Tamil Nadu, the company said in a statement.

However, it did not give any financial details. PTC which started operation in mid 2007, has already acquired equity stakes in a number of power projects across the country.

Earlier this month, it picked up 26 per cent equity stake in Meenakshi Engery for setting up of a 270 MW power project at Nellore district in Andhra Pradesh.

cheers,
vj

...

The record date for dividend is Sep 05.Until then price of the share will be steady or possibly it may come close to 25rs.But looking at the weak market conditions it seems it will hold on with 20 rs.The share is bound to fall after dividend as it happended with india bull securities.


cheers,
vj
...

You are eligible for dividend.Probably it should be credited through ECS.

cheers,vj...

Source:Bloomberg
PTC India Seeks Coal Supply to Spur Power Trading (Update1)

By Archana Chaudhary

Aug. 25 (Bloomberg) -- PTC India Ltd. plans to start importing coal to supply power stations in return for electricity to defend its position as the nation's biggest energy trader.

PTC has agreed to supply 1.5 million metric tons of coal by December 2009, Chairman T.N. Thakur said in an interview in New Delhi. The company plans to invest in mines in Indonesia and India to secure as much as 15 million tons, equivalent to three- quarters of India's annual imports, he said.

The energy trader faces competition from new power exchanges and is using part of the 12 billion rupees ($275 million) it raised in a January share sale to invest in power projects and assets. PTC will pay generators to use its coal and sell the power produced to its customers, Thakur said.

``Coal is going to be king in the next few years and those who own the resource will grow,'' Prasad Dahapute, a Mumbai-based analyst with Antique Stock Broking Ltd., said today. PTC ``will make more money through generation than it can through trading.'' He recommends investors buy the company's shares.

PTC shares fell 1.3 percent to 79.1 rupees at the close in Mumbai trading after gaining as much as 2.4 percent. The shares have fallen 53 percent so far this year. India's benchmark stock index rose 0.3 percent today.

Demand for coal, which fires more than half of India's generation capacity of 141,000 megawatts, is rising as the country grows at the second-fastest pace among major economies. PTC has signed an agreement with a Singapore-based company to buy a stake in mines in Indonesia, the world's biggest exporter of power-station coal, Thakur said, without giving details.

`Expedite Generation'

``The idea behind developing this business model was to expedite generation and for this, you can't depend on Indian coal alone,'' Thakur said.

India may import about 20 million tons of coal in the year through March, according to the Central Electricity Authority, a statutory body that advises the government on power policy and sets technology standards for the industry. Imports may double by 2012, Anil Razdan, the most senior bureaucrat in the Power Ministry said May 21.

State and private utilities in India plan to almost double the country's generation capacity to 250,000 megawatts by 2017. New power exchanges are expected to help reduce shortages by conducting spot trades in electricity, which is usually sold through contracts, allowing captive plants run by companies to sell surplus power.

PTC owns 26 percent of Indian Energy Exchange, the country's first, which started on June 27. Financial Technologies (India) Ltd. is the exchange's founder and majority owner of the world's third-biggest gold bourse. The National Commodity & Derivatives Exchange said in June it won approval to set up a competing platform.

Capacity Addition

NTPC Ltd., India's biggest generator, and Power Finance Corp., which both partly own PTC, plan to set up the country's third electricity exchange.

Power generators haven't kept pace with rising demand from homes, factories, shopping malls and cinemas. India's peak electricity shortage may widen to 18.1 percent in the year to March 31, when it plans to add 10,178 megawatts of capacity, according to the Central Electricity Authority. The government targets adding 78,700 megawatts by March 2012.

Bulk of the capacity addition will come from nine coal-fired plants, each capable of generating 4,000 megawatts. These so- called ultra mega projects are planned near coal mines or along the coast to enable them to use imported fuel.

Tata Power Ltd., India's biggest electricity generator outside state control, is setting up one of the projects at Mundra in western India and has invested $1.2 billion in two Indonesian mines to secure coal supplies.

Prices at Australia's Newcastle port, the world's biggest exporter of thermal coal, reached a record $194.79 a ton in the week ended July 4. Prices have since declined to $162.15 a ton in the week ended Aug. 22, according to the globalCOAL NEWC Index.

cheers,
vj

...

Source Money control:
Interview with cmd thakur,ptc india.

PTC is no longer a trading company, of course were called Power Trading Corporation and after the IPO we changed our name to PTC India, because we have gone into other segments of business and we are now a solutions provider on a holistic basis.

We have the PTC financial services, where we take equity and power projects. We are also trying to get into some debt syndication for the power projects. We recently another company called PTC Energy Ltd and we think that most of our asset based business will go into PTC Energy which means we have joint ventures with power project developers. We have also entered into a joint venture with a Singapore based company to source coal from Indonesia. So these are the different kinds of things, which we are now looking at.

cheers,
vj
...

Hi,
I think you mean the short selling of india bull sec.But you have to buy the shares before end of the day to close the transaction.
Whoever buys on Aug 27th and thereafter will not be eligible for dividend.One who sells on Aug 27th will be eligible for dividend.Those who buy before Aug 26th will be eligible for dividend.
Even if you have 30 shares,then 225rs should be credited to your bank account.

cheers,
vj
...

Hi,

The brokerage for transaction is 1 paise in IEX.One must understand that PTC is going to gain by selling its power owned to a higher margin from the current margin of 4 paise per unit through IEX, thats the way it is going to gain,not by the transaction fee income of IEX.Ptc will own power only if it acquires any coal mines in coming months and this coal will be supplied to merchant and independent power producers and a power generating fee will be given to the power producers and the power will be owned by PTC,so that it sells with huge margin.


cheers,
vj
...

Hey VJ, I have a question for you. This is what I read on web: "Worried by concerns raised by an Indian competitor about the alleged poor quality of power generation equipment supplied by Chinese manufacturers such as Dongfang Electric Corp., Shanghai Electric and Harbin Power Equipment Co. Ltd, the Central Electricity Authority, or CEA, India’s apex power sector planning body, has formed an internal group to conduct a technical audit of such equipment." This can delay the upcoming power plants. How do you read this development vis-a-vis PTC. Thanks. ...

I hold 20 shares since 23/04/08, am I elligible for the dividend? It will be delivered through cheque or direct in A/c....

This will added in F&O from 21 august. buy it now...

To vjkumk In market parlance, this called 'cotrarian law'. When you are selling, another is buying. You call it as a trade. When a group or broker/s advice, some will be advising to pick to average or to sell on a latter date for a profit. For an investor, he should be the decision maker. He must track the prices and quarterly reports and comments of the so called 'technical advisors or experts' for six months atleast and you should form your own decison with a rate in mind. Last month many had the cherry picking session and many are now selling to book the profits. It is always better to have a target price of our own to part 25% to 50% of our holding to earn a profit. The thumb rule "the decision to buy or sell at a target price" should be decided by you. I wish you tobe the king of your decisions in share market. For everyone is buying to sell for a profit and everyone is selling to pick up at a lower price. You need not be a bull totally ,nor a bear. Be a butterfly between the two, to get all the profit. wish you all the best. V.Krishnamoorthy...

Thanks for your suggestion. We will keep an eye on it....

ya once again proved that these brokers give tgts for offloading .i bought PTC shares at 105 I AM in a mood to offload them at 97-98 and buy at lower prices any way . THIS IS A VERY EXCELLENT STOCK BUT NEED TO WAIT FOR 3 YEARS .I AM REDAY TO WAIT FOR 3 YEARS TO GET A 10 FOLD INCREASE I.E 800 RS. I WANT TO BUY AT LOWER PRICE SO THAT I WONT LOOSE EVEN IF MKT FALLS TO 12000 LEVELS.68 SEEMS A STRONG SUPPORT FOR THIS STOCK ....

ICICI DIRECT Recommendations are a cheater for retail investors!!! We all know that ICICI funds has purchased a lot at 68 to 75 rs of ptc.You can view this details in money control website itself.Now ICICI DIRECT is giving a recommendation to buy 88 with a target of 97 where it can offload at a good profit.Where is ICICI Direct when PTC was trading at 65 to 70 range? why dont they give recommendation at that time?This really shows the broker recommendations are for their offloading of shares which they have invested.Be cautious with ICICI direct recommendations. cheers, vj ...