IDFC bought 74 percent equity in GMR's road project in Tamil Nadu. Sinha added that the company is looking at similar assets and has identified similar opportunities.
Speaking to CNBC-TV18, Rajiv Lall, CEO & MD, IDFC says he expects the company‘s non-performing assets (NPAs) to continue in the 1-1.5 percent range, far lower than the market standards.
Finance player IDFC maintains that the current fiscal will be challenging from a growth perspective.
IDFC is all set to meet the requirements of RBI guidelines for new banking license, the most important step being creation of non-operating holding finance company.
Rajiv Lall, chief executive and managing director, IDFC speaks about the need for policy credibility, the affect of retrospective amendments and growth plans of IDFC
This is the government's great Indian infrastructure dream. But the ground reality is a rude awakening. With a slowing economy, high interest rates and more importantly delayed decision making, infra projects and infra companies face an uncertain future.
The Infrastructure Debt Fund or IDF is yet another effort by the finance ministry to get foreign funds and domestic insurance money into Indian infrastructure projects.
Vikram Limaye, executive director of IDFC shared his views on many perceived problems in the energy or power space as the company has around 40% plus exposure on their books. He told CNBC-TV18 that the uncertainties in the power sector would continue although he is confident about the power sector exposure by the company.
Vikram Limaye, executive director of IDFC is concerned about infrastructure financing due to high interest rates. "We have seen slowdown in new projects," he said.
Infrastructure Development Finance Company (IDFC) reported a 24.4% increase in its net profit at Rs 346.5 crore in the fourth quarter ended March 31, 2011.
In an interview with CNBC-TV18's Economic Policy Editor Siddharth Zarabi, Vinayak Chatterjee, Chairman of Feedback Ventures spoke on his expectations from the finance minister for the infrastructure sector from Budget 2011.