PTC India Financial Services (PFS) informed BSE on Thursday that it has sanctioned loans aggregating to about Rs 1,000 crore for providing financial assistance to renewable energy projects and efficiency projects in India.
With the focus to increase its loan portfolio in clean energy projects in India, the company’s board sanctioned loan totalling to about Rs 1000 crore to 9 projects in its meeting held on September 16, 2015. The fresh round of loan approvals will help company further expand into renewable energy projects.
Ashok Haldia, managing director and chief executive officer, PTC India Financial Services in a release said, “We are happy to announce that the company has forayed into financing of energy efficincy projects. This should further help consolidate PFS’ position as a leading institution financing renewable energy projects in India”.
The share price of PFS slid 0.25 per cent to Rs 40.50 on Wednesday.