PTC India Financial Services Ltd., a subsidiary of PTC India Ltd., said it had sanctioned debt totaling Rs.45.70 crore to two power companies that are in the process of developing solar power projects in different locations of Gujarat.
The loan sanctioned to these solar projects will help capacity generation of 20-MW, which will in effect support eh PTC India Financial's commitment towards development of green Energy India.
The company earlier sanctioned Rs.50.80 crore to another solar power project, which is in process to develop a 10-MW solar power project in Gujarat.
With this, the effective debt sanctioned by the company to power projects amounted to more than Rs.4,545.70 crore as at the end of August 31 this year.
The company, being an Infrastructure Finance Company, also contemplates with another series of Infrastructure Bonds aiming to raise around Rs.150 crore, once the necessary notification in this regard is issued by the Government of India.
PTC India Financial Services closed Tuesday's trading at Rs.17.90, down by 0.56 percent from the previous close.
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