PTC India Financial services (PFS) has received Commercial Paper (CP) subscription of Rs 300 crore at competitive interest rate from a nationalized bank. The money received / to be received under the current CP issuance is to be utilized for augmenting of cash flows at competitive cost and for on lending to sustainable infrastructure projects, and it would help in improving Net Interest Margin (NIM) of the company with diversified sources of borrowing.
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.
