Ensure returns while investing in power sector, Power Secy to PFS


Ensure returns while investing in power sector, Power Secy to PFS

Power Secretary A K Bhalla Tuesday said PTC India Financial Services (PFS) should be careful and cautious while making investments in power sector and also ensure returns.

The word of caution comes at a time when the power sector is reeling under stress due to various reasons including stranded projects, delayed payments by discoms and fuel shortage, among others.

“I wish them (PFS) all the best…may they emerge as the best NBFC on the lines of our other NBFCs (PFC and REC), compete with people, invest money properly, ensure that you get returns also, (power) sector has a plenty of scope. So be careful and be cautious in investing money,” Bhalla said.

He was speaking at a function to launch three Mobile Health Clinics (MHCs) by PFS. Read More

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