Latest news with #PTCIndiaLimited
Business Upturn
26-04-2025
- Business
- Business Upturn
PTC India appoints Manoj Kumar Jhawar as Chairman & Managing Director
By Aman Shukla Published on April 26, 2025, 14:01 IST PTC India Limited, a leading player in the power trading sector, announced the appointment of Dr. Manoj Kumar Jhawar as its new Chairman and Managing Director. The decision was made at the Board of Directors meeting held on April 26, 2025. Dr. Jhawar, who has been serving as the Whole Time Director (Commercial & Operations) since January 2024, will assume his new role upon joining, subject to the Company's Articles of Association. His term will continue until he reaches the age of superannuation at 60 years. An engineer and management professional, Dr. Manoj Kumar Jhawar holds a Ph.D. in Management Sciences from Devi Ahilya University, Indore. He completed his graduation in Mechanical Engineering from Government Engineering College, Ujjain, and pursued a Master's degree in Industrial Engineering & Management from Devi Ahilya University. He is also a qualified Cost Accountant from the Institute of Cost Accountants of India (ICAI). Dr. Jhawar began his professional journey in 1989 with the MP State Electricity Board and later served Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Ltd., Indore, in key leadership roles, including Director (Finance) and Director (Commercial). Before joining PTC India, he was associated with KIOCL Ltd., a Category-I Mini Ratna Central Public Sector Enterprise, as Director (Finance). With more than three decades of experience across commercial operations, IT management, finance, and engineering domains, Dr. Jhawar brings extensive expertise to PTC India. His professional background covers areas such as policy planning, budgeting, resource allocation, contract negotiations, project financing, treasury management, internal audit, regulatory affairs, revenue management, ERP implementation, and smart metering initiatives. In addition to the leadership appointment, PTC India's Board also approved the payment of an interim dividend at 50% (Rs. 5 per equity share of Rs. 10 each) for the financial year 2024-25. The record date for determining eligible shareholders has been fixed as May 5, 2025. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
26-04-2025
- Business
- Business Upturn
PTC India board approves interim dividend of Rs 5 per share for FY25
PTC India Limited, a leading player in India's power trading sector, announced that its Board of Directors has approved the payment of an interim dividend for the financial year 2024-25. The dividend has been set at 50%, translating to ₹5 per equity share with a face value of ₹10 each. The record date to determine eligible shareholders for receiving the interim dividend has been fixed as Monday, May 5, 2025. Shareholders whose names appear in the company's register or as beneficial owners in the records of depositories as of the record date will be entitled to receive the dividend. The decision was taken at the company's Board meeting held on April 26, 2025, which commenced at 10:30 a.m. and concluded at 12:15 p.m. In addition to the dividend announcement, the Board also approved the appointment of Dr. Manoj Kumar Jhawar as the new Chairman and Managing Director (CMD) of PTC India Limited, subject to the Articles of Association of the Company. PTC India Limited (formerly Power Trading Corporation of India Limited) is a prominent name in the Indian power trading sector and is listed on major stock exchanges. The company's corporate office is located at NBCC Tower, Bhikaji Cama Place, New Delhi. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
