PTC India Financial Services Ltd to get IT refund of Rs. 134.91 crore

PTC India Financial Services Limited (PFS) has announced that Income Tax Department has processed its return of income u/s 143(1) for Assessment Year ('AY') 2019-20 (Financial Year 2018-19) and determined refund of Rs. 1,34,91,90,226 /- (Rupees One Hundred Thirty-Four Crore NinetyOne Lakhs Ninety Thousand Two Hundred Twenty-Six Only) which includes interest of Rs. 5,80,99,100/- (Rupees Five Crore Eighty Lakhs Ninety-Nine Thousand One Hundred Only). The above refund is expected to be received shortly, and once the funds are received these would be utilized in financing sustainable environmental friendly infrastructure projects related to green energy, water sewage treatment plan, electric vehicle charging station etc.

Shares of PTC INDIA FINANCIAL SERVICES LTD. was last trading in BSE at Rs.14.93 as compared to the previous close of Rs. 14.61. The total number of shares traded during the day was 105720 in over 348 trades.

The stock hit an intraday high of Rs. 15.4 and intraday low of 14.41. The net turnover during the day was Rs. 1574771.

Source : Equity Bulls

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