PTC India Financial services (PFS) announced that it has achieved resolution of one of its NPA loan account in the hydro segment namely Dirang Energy Private Limited - 2 x 72 MW Hydro-Electric Project, in West Kameng District of Arunachal Pradesh. The resolution was achieved under the One Time Settlement (OTS) proposal offered by borrower's promoter company, `Patel Engineering Ltd' (PEL) to all the consortium lenders on bilateral basis. PFS has already issued the Letter of Acceptance (LOA) to the OTS proposal offered to PFS at a consideration of INR 413.7 million comprising of INR 90 million cash and INR 323.7 million through issuance of PEL equity share listed in BSE & NSE. The documentation process is at the advanced stage. It is pertinent to mention that out of total principal outstanding of INR 742.5 million, PFS had already made provisioning of INR 541.4 million as on quarter ended 30th September 2020. Post closure of the above mentioned transaction, PFS stressed loan portfolio is expected to come down by INR 742.5 million with a significant write-back on the provisioning already made.