Ashok Haldia, MD & CEO, PTC India Financial Services said the proceeds from this stake sale will help strengthen balance sheet and augment their ability to grow further.
Cost of borrowings has come down but there is some pressure on the yield side, says Ashok Haldia, MD & CEO of PTC India Financial Services.
The financial services firm has not added any NPAs in the December quarter and the stressed assets in NPA remain constant since Q3, says Ashok Haldia, MD & CEO, PTC Financial Services.
Ashok Haldia of PTC India Financial says the deal will help the two companies work together for infrastructure projects in energy value chain.
In an interview with CNBC-TV18, Ashok Haldia, MD & CEO said of the total loan book, 45 percent plus have been sanctioned in the renewable energy sector.
PTC India Financial Services and International Finance Corporation collaborate to boost financing for renewable energy projects
The company holds sanctions worth Rs 7,000 crore in the pipeline.
PTC India Financial Services has sanctioned Rs 1,032 crore to nine energy projects, says director (finance) and CFO Pawan Singh.
PTC Financial Services divested part of its stake in Indian Energy Exchange (IEE). The company offloaded 14% in IEE for Rs 70 crore and it still holds 5% stake.