PTC India Financial Services Ltd disburses Rs. 485 crore

PTC India Financial Services Limited (PFS), vide its Board meeting dated 23rd June 2020, has cleared for disbursement of loans of Rs 485 crore to borrowers for solid waste management project, drinking water supply project and state owned transmission company with an objective to establish PFS as a sustainable financing institution. PFS is continuously looking to diversify its portfolio by financing other clean and sustainable initiatives and expecting disbursement of Rs 425 crore from current clearance in a month time. Recently PFS had also sanctioned one of the sewage treatment project under Namami Gange scheme and with this PFS has forayed into sustainable financing in infrastructure domain.

Shares of PTC INDIA FINANCIAL SERVICES LTD. was last trading in BSE at Rs.13.22 as compared to the previous close of Rs. 13.76. The total number of shares traded during the day was 227661 in over 565 trades.

The stock hit an intraday high of Rs. 13.93 and intraday low of 12.96. The net turnover during the day was Rs. 3056942.

Source : Equity Bulls

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