New Delhi, March 5 -- Shares of PTC India popped up 3.5% in today's early morning trade, March 05, reaching Rs.149.20 apiece. The uptick in price came after state-owned oil explorer Oil and Natural Gas Corporation (ONGC) announced on Tuesday, March 4, that ONGC Green Ltd., its wholly owned subsidiary, had acquired clean energy firm PTC Energy for Rs.925 crore.

PTC Energy Limited, established in August 2008 as a wholly owned subsidiary of PTC India Limited, has an aggregate operational wind generation capacity of 288.80 MW across seven locations in Andhra Pradesh (AP), Madhya Pradesh (MP), and Karnataka. It operates 157 Wind Turbine Generators (WTGs) across all its wind farms.

PEL recorded revenue from operations of Rs.322.49 crore durin...