Key Points Of Prepayment:
- PTC India Financial Services announced the complete pre-payment of its loan account by M/s Patel Darah-Jhalawar Highway pertaining to the four-laning of a 48.88km stretch in Rajasthan.
- The pre-payment includes the recovery of entire dues, including interest and other charges.
- Independent Directors highlighted the loan account, prompting PTC India Financial Services to take proactive measures to recover the outstanding dues.
- PFS’s commitment to responsible lending and financial prudence is evident from the successful pre-payment.
- Mr. Pawan Singh, PFS’s Managing Director and CEO, expressed his pleasure at receiving the full prepayment and commended his team’s efforts in ensuring the recovery of all outstanding dues.
- PFS remains committed to responsible lending practices and effective credit risk management while prioritizing sustainable infrastructure development in India.
- The amount received through pre-payment has been deployed for onward lending to sustainable green infrastructure projects, further highlighting PTC India Financial Services’ commitment to sustainable development.
- The successful pre-payment showcases PTC India Financial Services’ responsible lending practices and ability to effectively manage credit risk.
Details of Prepayment:
“PTC India Financial Services Receives Complete Prepayment of Loan for Rajasthan Highway Project”
PTC India Financial Services, a prominent financial services provider for India’s infrastructure sector, has recently announced the complete pre-payment of its loan account by M/s Patel Darah-Jhalawar Highway. This account pertained to the four-laning of a 48.88km stretch in Rajasthan, and the pre-payment includes the recovery of entire dues, including interest and other charges.
In light of the Independent Directors’ highlighting of the loan account, PTC India Financial Services took proactive measures to recover the outstanding dues. The successful pre-payment further underlines PFS’s commitment to responsible lending and financial prudence.
PFS’s Managing Director and CEO, Mr. Pawan Singh, expressed his pleasure at receiving the full prepayment and commended his team’s efforts in ensuring the recovery of all outstanding dues. He also highlighted PFS’s commitment to responsible lending and effective credit risk management.
PFS continues to prioritize sustainable infrastructure development in India through its responsible lending practices and risk management. The amount received through pre-payment has been deployed for onward lending to sustainable green infrastructure projects.
This development showcases PTC India Financial Services’ responsible lending practices and highlights its ability to effectively manage credit risk.
About PTC India Financial Services:
PTC India Financial Services Limited (PFS) is a NBFC registered with RBI which holds the status of Infrastructure Finance Company. It provides equity/debt financing solutions to the energy value chain.
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