Income Tax Department has processed refund to PTC India Financial services (PFS) for Assessment Year (AY) 2020-21 (Financial Year 2019-20) of Rs 135.06 crore including interest on refund amounting to Rs 12.34 crore by releasing the money to the company. PFS may utilize the amount of refund received in financing sustainable infrastructure projects.
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.
