The company made the announcement after market hours yesterday, 19 November 2015.

Meanwhile, the BSE Sensex was up 98.39 points, or 0.38%, to 25,940.31

On BSE, so far 90,441 shares were traded in the counter, compared with an average volume of 2.85 lakh shares in past one quarter.

The stock hit a high of Rs 42.45 and a low of Rs 41.75 so far during the day. The stock hit a record high of Rs 73.15 on 15 January 2015. The stock hit a 52-week low of Rs 37.10 on 8 September 2015.

The stock had underperformed the market over the past one month till 19 November 2015, sliding 16.36% compared with Sensex's 5.57% decline. The scrip had also underperformed the market in past one quarter, falling 14.09% as against Sensex's 7.48% fall.

The small-cap company has equity capital of Rs 562.08 crore. Face value per share is Rs 10.

As per the agreement, PTC India Financial Services (PFS) and India Infrastructure Finance Company (IIFCL) will come together to provide one single window to promoters of infrastructure projects particularly in energy value chain and facilitate their financing in India. Both companies will collaborate to provide credit enhancement facility to various projects to enable their financing at competitive rates, apart from collaborating in areas of mutual interest towards service to infrastructure sector, PFS said in a statement.

PTC India Financial Services (PFS)'s net profit surged 454% to Rs 211.25 crore on 121.8% growth in total income to Rs 442.29 crore in Q2 September 2015 over Q2 September 2014.

PFS is a non-banking financial company (NBFC) promoted by PTC India. PFS has been granted the status of an Infrastructure Finance Company (IFC) by the Reserve Bank of India. The company offers an array of financial products to infrastructure companies in the entire energy value chain. PFS also provides fee based services viz. loan syndication and underwriting etc.