PTC India Financial Services Limited (PFS), a leading Infrastructure Finance Company, recently announced that it has sanctioned loans aggregating to about Rs. 825 crores for providing financial assistance to power / infrastructure sector in India.With the focus to increase its loan portfolio in clean energy projects in India, the Company’s Board sanctioned loans in its meeting held on 26thDecember 2015.
The fresh round of loan approvals will help Company further expand into renewable energy projects.The cumulative loan assistance sanctioned during the current financial year has reached about Rs. 4,330 crores as against Rs. 3,562crores during comparative period of previous year i.e. April 2014 to December 2014.
The projects assisted include an annuity based road project as per strategy of PFS for calibrated diversification.
Dr. Ashok Haldia, Managing Director & CEO, PTC India Financial Services Limited (PFS)said,“We are happy that the Company continues to expand its presence in financing of clean energy projects and has now also forayed into financing of an annuity based road project.Thisshall further help consolidate PFS’ position as a leading institution financing renewable energy projects in India.”