PFS, IIFCL collaborate to finance infra projects

MUMBAI: PTC India Financial Services (PFS) today said it has signed a pact with India Infrastructure Finance Company (IIFCL) to provide financing for infrastructure projects.

As per the agreement, PFS and IIFCL will come together to provide a single window to promoters of infrastructure projects, particularly in energy sector, and facilitate their financing in India, the company said in a statement.

Under the MoU, both the companies will collaborate to provide credit enhancement facility to various projects to enable their financing at competitive rates, apart from collaborating in areas of mutual interest towards service to infrastructure sector.

"With this collaboration, we will deepen and widen source of financing for viable infrastructure projects with quick turnaround time," PFS Managing Director and CEO Ashok Haldia said.