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PFS sanctions loan aggregating to about Rs 1100 crore

21 Mar 2016 Evaluate

PTC India Financial Services (PFS), a leading Infrastructure Finance company, has sanctioned loans aggregating to about Rs 1100 crore for providing financial assistance to power / infrastructure sector in India. These included 4 projects for renewable and 2 projects for transmission of power. With the focus to reinforce its loan portfolio in clean energy projects in India, the company's board sanctioned loans in its meeting held on 16th March 2016.

The fresh round of loan approvals will help the company further expand into renewable energy projects. The cumulative loan assistance sanctioned during the current financial year has exceeded Rs 6,500 crore compared to Rs 4,112 crore during the previous financial year. The debt assistance sanctioned during the current year includes 48 projects (about Rs 4,900 crore) in the renewable sector.

PFS is a non-banking finance company promoted by FTC 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. PFS also provides fee based services viz loan syndication and underwriting etc.

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