PTC India Financial Services (PFS) has sanctioned debt worth Rs 500 crore to three power companies for various projects.
"The projects includes one hydro project promoted by an Indian company in Nepal, one thermal project with captive coal mines and another company engaged in executing EPC contracts for power transmission lines," the firm said in a regulatory filing today.
The debt for the three companies was sanctioned at PFS' board meeting held on May 25.
According to the filing, these generation projects would help in additional capacity of 720 Mw.
"The effective debt sanction of PFS as on May 31, aggregates more than Rs 3,500 crore," it added.
PFS, a non-banking finance entity, is a subsidiary of PTC India.