PTC India Fin says Rs 280 cr assets near resolution; focusing on diversifying source of renewable

He added, “Since we are at a very very advanced stage and the value which will recover will be higher than whatever is the net NPA amount so, we are expecting a write back on this account. So, as far as we are concerned, we are out of the stress cycle which you know was largely because of the thermal assets, which were legacy assets, which were lying in our book for quite some time.”

On future growth drivers, Singh said, “We are trying to become a company which is 360 degree renewable in the sense that it is into the sustainable area not confined to renewable of the sustainable part. So, we have started doing sanitation, water treatment, waste management, and recently the first you know, immobility large scale which was launched in the country by the Prime Minister (Narendra Modi) in Lucknow 700 buses that also be financed, e-charging stations and of course, Make in India manufacturing on the renewable side."

"So, it is not renewable, certainly not the wind and solar conventional renewable, but we have moved to other areas of sustainability finance, which is opening up and these are niche areas and apart from the International Finance organisation we are the one of the few first infrastructure finance companies who have taken exposure in this area.”

He added, “The other areas like - we entered about two years back or three years back that was road sector and we have taken some exposure in the port also. Transmission line of course, this is one of the areas which we have traditionally also financed. So this would constitute another area. So that is how we are, you know diversifying our source of renewable and then in sustainability that is our focus.”