New Delhi, Dec 15 () PTC India Financial Services (PFS) has received Rs 145 crore as part of resolution of its stressed loan account in the thermal power segment.
The long-term infrastructure financing company said it has recovered Rs 145 crore from Prayagraj Power Generation Company Ltd (PPGCL).
PPGCL owns and operates a 1,980 MW (3X660 MW) coal-based thermal power project in Uttar Pradesh and had become a non-performing asset due to financial and operational stresses.
PFS is also expected to receive Rs 7 crore as per agreement, PFS said in a statement on Sunday.
