PTC India Financial Services (PFS) has received Rs 145 crore as part of the resolution of its stressed loan account in the thermal power segment. The company has recovered Rs 145 crore from Prayagraj Power Generation Company (PPGCL).
This development shall augment the liquidity position of PFS and also result in a reduction of its stressed assets portfolio. Going forward, it shall also have a positive bearing on the yields and spread of PFS as this account was reflected in the assets but not yielding any income.
PTC India Financial Services is an Indian non-banking financial institution. The company makes principal investments in, and provides financing solutions for, companies with projects across the energy value chain.
