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| Exchange Disseminated Time | PTC India Financial Services Ltd has informed BSE regarding a Press Release dated August 16, 2011 titled "PFS sanctions Rs. 457 million to Two Solar Power Projects"
Press Release :
"PTC India Financial Services (PFS), a subsidiary of PTC India Limited (PTC) has sanctioned debt aggregating Rs. 457 million to 2 power companies which are in process to develop solar power projects in different location of Gujarat. The loan sanctioned to the above mentioned solar projects will help capacity generation of 20 MW which will in effect support the PFS’s commitment towards development of Green Energy in India. PFS had earlier sanctioned Rs. 508 million 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 of PFS to power projects as on 12 August, 2011 aggregated to more than Rs. 45,457 million.
The Company being an Infrastructure Finance Company ("IFC") also contemplates with another series of Infrastructure Bonds aiming to collect around Rs. 1,500 million, once the necessary notification in this regard is issued by GoI." (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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