TN Thakur appointed CMD of PTC
30 Sep 2005
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New Delhi: TN Thakur has been appointed chairman and managing director of Power Trading Corporation India (PTC) for another five years.
The country's largest power trader had earlier postponed its Board meeting on two occasions (on August 24 and on September 1) as representatives of state-owned promoter companies expressed their "unavailability" for the meeting.
The company is now likely to seek shareholders approval on the re-appointments at its annual general meeting, which was earlier scheduled for September 27. State-run NTPC, NHPC, Power Grid Corporation Ltd, Power Finance Corporation, Damodar Valley Corporation and private sector Tata Power Company, along with some financial institutions, are promoters of PTC India.
