Team News Riveting
Mumbai, December 20
PTC India Financial Services Limited (PFS), a non-banking finance company, has received a refund of Rs 136.06 crore from the Income Tax department besides interest.
The company informed in a regulatory filing that Income Tax Department has processed its refund for Assessment Year (‘AY’) 2020-21 (Financial Year 2019-20) of Rs 135.06 crore including interest on refund amounting to Rs.12.34 Crore by releasing the money to the company. PFS may utilize the amount of refund received in financing sustainable infrastructure projects, it added.
PFS is a non-banking finance company promoted by PTC India Limited. PFS has been granted the status of an Infrastructure Finance Company (“IFC”) by the Reserve Bank of India. The Company
offers an array of financial products to infrastructure companies in the entire energy value chain and other infrastructure industries. PFS also provides fee-based services viz loan syndication and
underwriting etc.
