PTC India to finance green projects with Rs 1.35 billion tax refund

PTC India Financial Services plans to finance green projects using the Rs 1.35 billion tax refund that it expects to receive from the income tax department. The department has processed its return of income for the financial year 2018-19, which translates to a refund of Rs 1,349.1 million. This includes an interest of Rs 58.1 million. According to PTC India, the refund will be utilised for financing sustainable and environmental-friendly infrastructure projects.

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