PTC India Limited has successfully completed the divestment of its 100% stake in PTC Energy Limited (PEL) to ONGC Green Limited (OGL) for a total consideration of ₹1,179 crore. The company received the final tranche of ₹254 crore on March 19, 2025, after securing ₹925 crore earlier this month.
This sale marks a significant step in PTC India’s strategic restructuring, as PEL contributed nearly 2% to PTC’s consolidated turnover in FY24 and 14.6% to its net worth. The agreement for this divestment was initially signed on September 13, 2024, and the deal was officially completed on March 19, 2025.
ONGC Green Limited, which does not belong to PTC’s promoter group, acquired PEL as part of its green energy expansion strategy. The transaction does not fall under the category of related-party transactions.
This move aligns with PTC India’s broader plan to optimize its portfolio and enhance financial efficiency.
