Friday, Mar 29 2024 | Time 20:05 Hrs(IST)
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Business Economy


PTC India Fin sanctions Rs. 1,100-cr loans for power, infrastructure sectors

Mumbai, Mar 21 (UNI) PTC India Financial Services Ltd, a leading infrastructure infrastructure finance company toady said that the company has sanctioned loans aggregating Rs 1,100 crore for the power and infrastructure sectors at its latest board meeting held last week.
The loans are for four project for renewable energy and two projects for transmission and power
With the latest development, the company’s cumulative loan assistance sanctioned during the 2015-16 fiscal exceeded Rs 6,500 crore compared with Rs 4,112 crore in the previous fiscal.
''The debt assistance sanctioned during the current year includes 48 renewable energy projects worth about
Rs 4,900 crore,'' the company said in a statement.
''The company continues to expand and reinforce its presence in financing of clean energy projects and other emerging areas of the power sector,'' Ashok Haldia, Managing Director & Chief Executive Officer of PTC India Financial Services, added.
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