PTC India Financial is consolidating Renewable Business

In Clean Facts, Clean News, News, Renewable Energy, Solar, Wind

PTC India Financial Services Ltd, a subsidiary of PTC India Ltd, is seeking to consolidate its renewable energy lending business, while focusing on infrastructure sector, which it had forayed into lately.

The company has been growing at a compounded annual growth rate (CAGR) of 25-30 per cent and expect to achieve a similar pace given the opportunities in the renewable energy and infrastructure sectors.

Over the years, the business mix has changed with the renewable energy sector accounting for nearly 60 per cent of the business followed by the thermal power sector at 18-20 per cent.

With huge momentum likely to come in the roads, ports and other infrastructure sectors, PTC is keen to leverage its expertise to lend in these sectors, apart from opportunities to fund the transmission networks being developed by private sector players.

Solar and wind projects will continue to be focus area for the company. The company has funded more than 108 renewable projects and has thus far sanctioned 12,693 crore with outstanding debt of 6,511 crore.

While for the wind energy segment, PFS has sanctioned a debt of 4,349 crore with outstanding debt of 3,390 crore, for the solar energy sector it sanctioned 8,081 crore with outstanding debt of 2,931 crore.

Join Our Newsletter!

Love Clean Future? We love to tell you about our new stuff. Subscribe to newsletter!

Mobile Sliding Menu

Clean Future