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PFS gets sanction of Rs.300 crore from SBI

PFS gets sanction of Rs.300 crore from SBI

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PTC India Financial Services Limited (PFS) pleased to inform that the leading bank of the country, i.e. State Bank of India (SBI), has sanctioned us a Term loan – WC Augmentation (TLWC) of Rs. 300 cr with a door to door tenor of 3 years including a moratorium of 6 months, with sublimit of Rs. 300 cr as investment limit for investment in CPs/NCDs/Bonds within the overall TLWC limit.

The money to be received from current sanction will be utilized for further strengthen the cash flow of our company and for onward funding to sustainable infrastructure finance projects. SBI has already given credit lines of Rs, 1,400 crore (current outstanding of around Rs.999.74 crore) to us and now with current sanction their exposure will increase to Rs. 1,700 crore and it will further diversify our sources of borrowings. PFS proposes to have further alternate sources of financing like ECB, Commercial Paper, Bonds etc. for which advance progress has already been made.

About PFS

PFS is a non-banking finance company promoted by PTC India Limited. PFS has been granted the status of an Infrastructure Finance Company (“IFC”) by the Reserve Bank of India. The Company offers an array of financial products to infrastructure companies in the entire energy value chain and other infrastructure industries. PFS also provides fee based services viz loan syndication and underwriting etc.

Anand Gupta Editor - EQ Int'l Media Network
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