PTC India Financial Services (PFS) has successfully divested its entire stake in Ind-Barath Energy (Utkal) (Ind-Barath) for an amount of Rs 311.93 crore. Ind-Barath is setting up a 700-MW coal-based thermal power project in Odisha and PFS had invested a sum of Rs 105 crore in the same.
PFS continues to keep a strong focus on growing its loan book, supported by increased focus on renewable energy and diversification across the energy value chain. The current divestment of an equity investment will provide headroom for growth and the company shall leverage the same to scale up lending activity and achieve sustained growth.
