Power Transmission Corporation of Uttarakhand Revenue and Competitors

Power Transmission Corporation of Uttarakhand Limited (PTCUL) is a Govt. of Uttarakhand Enterprise and a Govt. Company as defined under section 617 of the companies Act, 1956. PTCUL was incorporated under the Companies Act, 1956 on 27th May 2004 with the basic objective of acquire establish construct and operate extra high voltage, high voltage medium voltage and low voltage lines and associated sub-stations equipment apparatus, cable and wires and co-ordination of Transmission facilities for the state of Uttarakhand. At present 100% shares of the company is held by the Government of Uttarakhand either directly or through its nominees. Authorized Capital of the Company at the time of incorporation was Rs. 10,00,00000/-(Ten Crores) divided into one lacs Equity shares of Rs. 1000/- each. At present the authorized capital of the company is Rs. 1,00,00,00000/-(Hundred Crores). The Corporate office of the Company is situated at 7B Vasant Vihar Enclave, Street No. 1 Dehradun. The Company is managed by the Board of Director. The Board of Directors meets frequently at least once in every quarter. The day to day management of the Company is looked after by the Managing Director and other officers of the Company. PTCUL is the State Power Transmission Utility (STU) responsible for building, operating and maintaining Transmission Substations and Lines at Extra High Voltages (EHV) of 132 KV, 220 KV, 400 KV & above. It was carved out of UPCL in June 2004 as a part of Power Sector Reforms process. PTCUL is also responsible for Load Despatch and Energy Management functions in the State through Load Despatch Centres (LDCs).As Corporate entity, PTCUL aims to implement best practices of Project Implementation and Operations & Maintenance Management to ensure efficiency, reliability and commercial viability of Power Transmission System in the State. It endeavours to be among the best Transmission Utilities in the Country in these parameters within three years.