Up to date: Jun 24, 2020 12:59 IST
New Delhi [India], June 24 (ANI): PTC India Financial Services stated on Wednesday that its board of administrators has cleared a plan to disburse loans of Rs 485 crore to debtors for solid waste management project, drinking water supply project and state-owned power transmission companies.
The choice was taken with an goal to ascertain PFS as a sustainable financing establishment.
“PTC India Monetary Service is constantly seeking to diversify its portfolio by financing different clean and sustainable initiatives and anticipating disbursement of Rs 425 crore from present clearance in a month,” it stated in a press release.
The corporate lately sanctioned one of many sewage therapy initiatives underneath Namami Gange scheme and forayed into sustainable financing within the infrastructure area.
PTC India Financial Services is a non-banking finance firm promoted by PTC India Ltd. The corporate presents an array of economic merchandise to infrastructure corporations in your complete power worth chain and different infrastructure industries.
It additionally offers fee-based companies like mortgage syndication and underwriting.