PTC India Financial Services sanctions Rs595 crore to new projects

19 Jul 2022 , 09:51 AM

The Board of PTC India Financial Services Limited (PFS) vide its meeting dated July 16, 2022 has sanction proposal of aggregate Rs595 crore which shall be utilized for solar and other infrastructure projects.

Further, the Board has also approved business decision for existing loan accounts and with all of the above, the likely disbursement of about Rs800 crore is expected in July 2022, the company said in a regulatory filing.

At around 9:53 AM, PTC India Financial Services was trading at Rs15.44 per share up by Rs0.1 or 0.65% from its previous closing of Rs15.34 per share on the BSE.