PFS business proposal of more than 6000 cr in the pipeline

New Delhi, Dec 29 (Agency) PTC India Financial Services Limited (PSF) is continuing to witness astounding growth and is currently on the verge of becoming more financially strong. The year 2022 started well as the company registered profit of 50.56 crore on June 30, 2022 and 52.66 crore on September 30, 2022.

The growth saga continued with deduction in Non-Performing Assets, concrete resolution plan for stress assets and handsome pipeline of business proposal of more than 6000 Cr. Not only this, the Company’s profit also increased by 400% in current year in comparison to the position two years before and double profit expected in caparison to last year. The company is now positioned to contribute significantly to India’s target of a Net Zero emission economy. The shares of the company have been moved out of “Z” category to “B” category on December 26, 2022. Since the company complied the compliances. CRISIL and ICRA have also reaffirmed their rating in December 2022. It has acted as a catalyst to restore the faith of the investors and stakeholders on the company. The fully functional board with Independent Directors are having excellent knowledge and domain experience. Their expertise and experience will add more value to the company. It will help in the long-term growth of the organisation.

Recently, in December 2022, the Company has also sanctioned additional loans of Rs.1,130 crore. The proposal of Rs. 5600 crore are currently at various stages of sanction. Not only this, the lowest NPAs since the last few years have also been a fundamental motivation behind the astounding growth. When it comes to being the first movers in the emerging sectors, PTC India Financial services Limited has always been a step ahead. Its focus on Sustainable Infra and renewable projects align with the Government’s vision of a clean and green society. The Company is favourably positioned to capitalize on growing opportunities in resilient sectors like transmission, waste-water management, e-mobility and much more. In the coming time, the Company will usher into a new era of prosperity. Its existence as a financial partner will be created with the trust and a promise of a brighter future.