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 Premium News Article
PTC India Approved $134 Million in Funds for 10 Power Projects in First Half of Fiscal Year
BANGALORE, INDIA--November 9, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--PTC India Financial Services Limited (PFS), the investment arm of PTC India Limited (BSE:532524) (New Delhi), has approved funds of about $133.5 million for 10 power projects in the first half of the fiscal year. The amount cleared is higher than the corresponding figures for last year, which stood at $33 million. PFS, a joint venture of PTC, Goldman Sachs Strategic Investments Limited (New York), and Macquarie India Holdings Limited (Mumbai), has extended financial assistance worth $324.2 million since it started commercial operations in 2007.
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Industry Segment: Power
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