PTC India’s subsidiary, PTC Energy Ltd, has around 290 megawatts (MW) of wind assets across Madhya Pradesh, Karnataka and Andhra Pradesh. “PTC India Ltd recently appointed KPMG to advise it on various fund-raising options and they have launched a formal process for the same. “PTC India Ltd is considering various options for funding growth of its subsidiary PTC Energy Ltd (PEL) through getting a suitable strategic investor on Board. Mint reported on 4 January that Morgan Stanley was looking to exit its stake in wind energy platform Continuum Wind Energy. This includes 60GW from wind power, 100GW from solar power, 10GW from biomass and 5GW from small hydro projects.

Source: Mint January 06, 2019 17:48 UTC