PTC India Financial Services (PFS), a leading Infrastructure Finance Company and IIFCL Projects (IPL), I00% subsidiary of India Infrastructure Finance Company (IIFCL), a premier infrastructure lending firm wholly owned by Government of India for providing advisory services for the promotion and development of Infrastructure in India, have signed a Memorandum of Understanding with the aim to provide financial advisory, management consultancy, debt syndication and project development advisory services for infrastructure projects.

As per the agreement, PFS and IPL will come together to provide one single window to all stake holders of Infrastructure projects particularly in energy value chain and facilitate by providing consultancy in the field of financing and project development.

Both companies collaborated to explore areas of sharing mutual capabilities and drawing upon synergies in providing financial advisory and project development services for infrastructure projects.

"We are delighted to announce our association with IIFCL Projects, which is one of India's leading company for providing advisory services to infrastructure projects in the country. With this collaboration, we will deepen and widen source of financing for viable infrastructure projects with quick turnaround time," said Ashok Haldia, Managing Director and CEO, PTC India Financial Services.

Shares of the company gained Rs 0.2, or 0.54%, to trade at Rs 36.95. The total volume of shares traded was 20,756 at the BSE (9.28 a.m., Thursday).