PTC India Financial Services Ltd a newly formed arm of trading major PTC India Ltd sanctioned funds to 10 power projects aggregating around INR 630 crore during April to September.
As per release the funding in the form of both equity and debt to upcoming projects during the corresponding previous period was INR 156 crore.
With a total net worth of over INR 600 crore, PFS has sanctioned INR 1,530 crores since its inception to various projects for a total capacity of more than 7,000 MW. Portfolio of investment includes power exchange, wind turbine manufacturing unit and power projects based on coal, bio-mass, wind and solar.
