Ptc India Financial Services (PFS) has tied up with banks that will provide loans to companies engaged in renewable energy (RE) production. Upon this collaboration these banks set to letter of credit (LC) based on the issue letter of comfort (LOC) issued by PFS, to project companies in the renewable space with diligence on certain parameters.
The Banks will issue credit upon the request made by the companies involved in Clean Energy projects on various associated costs for issuance of letter of credit, which generally takes 3-5 months.
So let’s do:
1. _____finance arm ties up with banks for clean energy project loans
Source – The Hindu