To provide financial assistance to power and infrastructure projects in India
PTC India Financial Services 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 a focus to reinforce its loan portfolio in clean energy projects in India, the Company's board sanctioned loans in its meeting held on 16 March 2016. The fresh round of loan approvals will help company further expand into renewable energy projects.
The cumulative loan assistance sanctioned during the current financial year has exceeded Rs 6500 crore compared to Rs 4112 crore during the previous financial year. The debt assistance sanctioned during the current financial year includes 48 projects (about Rs 4900 crore) in the renewable sector.
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