State-owned PTC India today reported a near four-fold increase in profit after tax at Rs 23.69 crore for the third quarter ended December 31, 2008, as compared to Rs 6.21 crore in the corresponding quarter in the previous fiscal, it said in a statement.
The total income for the latest quarter jumped almost three times to Rs 2,117.70 crore, as compared to Rs 734.56 crore in the corresponding quarter.
"We would be pursuing the competitive bidding and avail oportunities in corss border projects," PTC India Chairman T N Thakur said.
PTC India, provider of power trading solutions, has almost half of the trading market in the country. It has been authorised to trade electricity with Bhutan and Nepal also, apart from participating on Indian Energy Exchange.