PTC India Financial Services (PFS) has sanctioned loans to the tune of Rs1,000 crore ($ 151.16 million) for clean energy projects in the country.
According to a filing at Bombay Stock Exchange, PTS sanctioned the funds to provide financial assistance to renewable energy projects and energy efficiency projects in India. PFS is a leading infrastructure finance company promoted by PTC India Ltd.
The company board sanctioned the loans for nine projects at its meeting held on September 16.
PFS offers an array of financial products to infrastructure companies in the entire energy value chain. It also provides fee based services such as loan syndication and underwriting.
Ajith Kumar S