Page 2 - Ptc India Financial Services

Rating agency Brickwork downgrades PTC Financial Services to AA- from AA

The negative growth in the loan book of PFS, a unit of PTC India, is on account of funding challenges faced by NBFCs

PTC India Financial Services thermal energy exposure to go below 10%

PFS says it is shifting its focus towards renewable energy (RE), roads and transmission

PFS resolves stressed SKS Power Generation; unit sold to Singapore company

Due to the closure of the mentioned transaction, PFS' stressed loan portfolio has come down by Rs 341.53 crore during Q4 of FY 2019

Ensure returns while investing in power sector, Power Secy to PFS

Power Secretary A K Bhalla Tuesday said PTC India Financial Services (PFS) should be careful and cautious while making investments in power sector and also ensure returns. The word of caution comes at a time when the power sector is reeling under stress due to various reasons including stranded projects, delayed payments by discoms and fuel shortage, among others. "I wish them (PFS) all the best...may they emerge as the best NBFC on the lines of our other NBFCs (PFC and REC), compete with people, invest money properly, ensure that you get returns also, (power) sector has a plenty of scope. So be careful and be cautious in investing money," Bhalla said. He was speaking at a function to launch three Mobile Health Clinics (MHCs) by PFS. The MHCs would provide medical outreach services to the underprivileged in the rural and remote areas of Delhi-NCR. The mobile clinics were flagged off by Bhalla in the presence of PTC India Chairman & Managing Director Deepak Amitabh, PFS MD & ...

PFS turns to green lending; to fund port, road projects

Company's main focus now is on solar power