PTC India Financial Services to raise Rs 700 crore this fiscal

PTC India Financial Services, a subsidiary of PTC India revealed plans to go public and raise upto Rs 700 crore between September and November this year for funding its' business expansion activities.

PTC India invests in renewable energy projects including wind farms and biomass projects. It is also looking at acquiring coal blocks abroad and has shortlisted mines in Australia and Indonesia, where the fuel is available in abundance. It would import the dry fuel from its overseas properties and sell it in India.