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PTC India witnesses slowdown due to lack of funds

PTC India witnesses slowdown due to lack of funds
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First Published: Fri, Nov 07 2008. 02 30 PM IST
Updated: Fri, Nov 07 2008. 02 30 PM IST
Mumbai: “State-owned PTC India Ltd is witnessing a slowdown due to delay in getting financial closure for projects,” a top official said.
“The company, which trades in energy, mineral sources and electricity, has forayed into equity and debt financing to meet fund needs,” Chairman Tantra Narayan Thakur told television channel NDTV Profit.
“The company may raise funds after 2010 to fund capex requirements,” he added.
Shares of the company traded up 1.78% at Rs57.3 per share in a firm Mumbai market.
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First Published: Fri, Nov 07 2008. 02 30 PM IST