ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

PTC India Financial Services gets refund of Rs 115 cr from I-T dept, stock up 2.8 pc

Mumbai (Maharashtra) [India], September 17 (ANI): Shares of PTC India Financial Services (PFS) jumped 2.8 per cent on Thursday morning after the company said the Income Tax Department has processed its refund for assessment year 2019-20 of Rs 115.57 crore by releasing the amount to company.

ANI Sep 17, 2020 12:20 IST googleads

The company offers financial products to infrastructure companies in the entire energy value chain.

Mumbai (Maharashtra) [India], September 17 (ANI): Shares of PTC India Financial Services (PFS) jumped 2.8 per cent on Thursday morning after the company said the Income Tax Department has processed its refund for assessment year 2019-20 of Rs 115.57 crore by releasing the amount to company.
"PFS may utilise the amount of refund received in financing sustainable environmental-friendly infrastructure projects related to green energy, water sewage treatment plan and electric vehicle charging station.
PTC India Financial Services is a non-banking finance company promoted by PTC India Ltd. The company offers an array of financial products to infrastructure companies in the entire energy value chain and other infrastructure industries.
It also provides fee-based services like loan syndication and underwriting.
In the first quarter of current financial year (Q1 FY21), the company received additional credit lines of Rs 500 crore. The total outstanding credit -- aggregate of loan assets and non-fund based commitments against sanctioned loans -- stood at Rs 11,561 crore as on June 30.
At 12:15 pm, the PFS stock was trading 2.86 per cent higher at Rs 18 per unit. (ANI)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Adani Foundation to connect 10 lakh women nationwide

Adani Foundation to connect 10 lakh women nationwide

The Adani Foundation, today, declared that in the next one year, it will connect one lakh women in Maharashtra with the Swabhimaan initiative. For the future, Adani Foundation has announced to connect 10 lakh women in India with the same initiative and make them strong.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.