Home Featured PFS sanctions loan aggregating to about Rs.825 crores
PFS sanctions loan aggregating to about Rs.825 crores

PFS sanctions loan aggregating to about Rs.825 crores

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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.”

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Anand Gupta Editor - EQ Int'l Media Network

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