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    Growth in absolute demand leads to higher trading: PTC India

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    Growth in absolute demand leads to higher trading: PTC India

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    It has been a good quarter and a better nine months that we could have expected sitting in April 2020 when we had seen sudden fall in the demand across board, said Deepak Amitabh, CMD of PTC India.

    It has been a good quarter and a better nine months that we could have expected sitting in April 2020 when we had seen sudden fall in the demand across board, said Deepak Amitabh, CMD of PTC India.
    Speaking to CNBC-TV18, he said, "This transition period led to changes in demand patterns and the demand supply mismatch. The demand supply mismatches led to a growth in the opportunity for traded power and this transitioned more than growth in absolute demand increases their space for trading."
    He said, "Prior to June 20, we used to have day ahead market, from June 20 the real time market started and therefore the mismatches also, the time constraints also became. In a 6.6 billion unit on the real time market which has been done, PTC has contributed more than 45-48 percent out of this real time market.”
    On PTC, Amitabh said, "The preliminary discussions have been going on and responses have been evaluated also. So, we believe that in the next financial year we should be able to divest PTC Energy Limited.”
    “In PTC Financial Services, so here the divestment process has begun but it is taking some time, we would have liked to see more progress and a definite outcomes by March-end," he added.
    Watch this video for more.
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