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New Delhi, July 21

Power trading major PTC India Ltd has reported a one per cent dip in net profit at Rs 11.88 crore for the first quarter of the current fiscal, from Rs 12.01 crore during the corresponding quarter the previous fiscal. Income from operations was, however, up 11 per cent at Rs 1,158.55 crore against Rs 1,042.10 crore, a company statement said. During the period, PTC has entered into long-term agreements for power purchase totalling a capacity of 787.5 MW. The cumulative capac ity tied up through long-term projects by the company, therefore, reached 7,983.8 MW, the statement said. —

Our Bureau

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