PTC India races ahead as the Central Electricity Regulatory Commission (CERC) has issued new regulations to fix the margin for inter-state trading in electricity.
The stock is trading at Rs 122, higher by Rs 6 or 5.5%, on the BSE. There has been a spurt in trading volumes to 14.34 lakh shares as against the two-week average of 6.55 lakh shares.
Trading margin would apply to short-term buy and short-term sell contracts, including day ahead, week ahead and month ahead contracts. The trading margin would not exceed 4 paise per unit if the selling price of electricity is less than or equal to Rs 3 per unit. The ceiling of trading margin shall be 7 paise per unit in case the selling price of electricity exceeds Rs 3 per unit.
However, CERC has exempted long-term agreements from trading margin in order to facilitate innovative products and contracts.
