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IIFCL targets Rs 1 lakh crore infra financing disbursement over next 3 years

In the current fiscal, IIFCL plans to raise over Rs 8,000 crore in the current quarter through a mix of blended finance and ECBs

India, ADB sign $500 million loan to aid sustainable infrastructure projects

The agreement aims to build the institutional capacity of IIFCL to integrate green and best practices into the infrastructure projects, the statement added

FSIB names Rahul Bhave for IFCI MD post

FSIB also recommended Palash Srivastava for the position of Deputy Managing Director in IIFCL

GMR Airports arm raises Rs 3,125 crore in debt financing for Bhogapuram International Airport

The amount has been raised through a consortium of five lenders led by IIFCL, GMR Airports said, adding that the funds would be used to part-finance the phase-I of the Visakhapatnam-based airport.

IIFCL to raise Rs 17,000 crore from bond issuances in FY24

The state-run company has already raised Rs 500 crore through a bond issue and will be doing issuances in tranches of Rs 2,000-3,000 crore going ahead, its MD P R Jaishankar told reporters.

IIFCL aims loan sanctions of Rs 35,000 crore, Rs 2,000 crore profit in FY24

Regarding loan sanctions, the company is aiming at Rs 35,000 crore while the disbursement target is about Rs 20,000 crore during the current financial year, IIFCL managing director P R Jaishankar told PTI.

Exclusive | Govt-owned IIFCL mulling IPO by 2024

The firm has seen an improvement in financial performance with net and gross NPAs falling to 1.41 and 4.76 percent, respectively, for the financial year ended March 2023.

IIFCL gives wings to aviation sector; extends Rs 6,630 cr loans for development of airports: MD

Bullish on the growth of the aviation sector in the country, he said, the IIFCL also given in-principle approval of Rs 638 crore for the development of a greenfield airport in Andhra Pradesh.

IIFCL has sanctioned Rs 8,244 cr loans to develop 20 ports: MD

India's total port capacity is about 2,600 MTPA. Of this, 12 major ports' cargo handling capacity stood at 1,598 MTPA as of March 2022.

IIFCL hopes to bring down NPAs to sub-2.5% level by March 2023

"The company closed last financial year with net NPAs of 3.65 per cent and we hope to bring it down to sub-2.5 per cent by the end of the current financial year," IIFCL Managing Director P R Jaishankar told PTI in an interview.

IIFCL invests in infra project bonds

This marks IIFCL's first transaction under this initiative, the company said in a statement on Sunday. The NCDs are of a tenor of 10 years.

IIFCL plans to invest Rs 4,000 crore in InvITs, awaits RBI approval

IIFCL's Managing Director P R Jaishankar said the company is comfortable with a capital adequacy ratio of 31 per cent and would not require capital infusion from the government to fund business growth this fiscal.

IIFCL consolidated net profit more than triples in FY21 to Rs 325 crore

The non-banking financial company said it had brought down its net non-performing assets to 5.4 percent in 2020-21 from around 9.75 percent in 2019-20 and said it aims to reduce NPAs to around 4 percent in 2021-22.

EXCLUSIVE | Finance Bill makes future IIFCL-NBFID merger exempt from capital gains tax

Though any decision on a possible merger will be taken by the boards of IIFCL and yet-to-be-formed NBFID, this indicates that the central government would be keen on such an amalgamation.

Prepared to handle any responsibility given by govt: IIFCL MD

The Union Budget 2021-22 presented in Parliament earlier this month proposed to set up a Development Finance Institution (DFI) with an initial capital of Rs 20,000 crore to fund the Rs 111 lakh crore ambitious National Infrastructure Pipeline (NIP).

IIFCL gets capital infusion of Rs 5,298 crore from government

This infusion has increased the paid-up equity share capital of IIFCL to Rs 9,999.92 crore against the authorized share capital of Rs 10,000 crore.

Govt okays Rs 5,300 cr capital infusion into IIFCL via recap bonds in FY20; Rs 10k cr next fiscal

The cabinet has also approved increasing the authorised capital of India Infrastructure Finance Company Ltd (IIFCL) from Rs 6,000 crore to Rs 25,000 crore.

Top-level appointments to NHB, IIFCL expected soon: Report

A government-appointed panel had conducted interviews to fill top positions at National Housing Bank and India Infrastructure Finance Company. The names of shortlisted candidates are before the Appointments Committee of Cabinet.

S&P affirms IIFCL's rating at 'BBB-'; keeps outlook stable

"It reflects our assessment of an almost certain likelihood of extraordinary government support for IIFCL in the event of financial distress," the rating agency said in a note.

IIFCL launches new credit rating system for infra projects

The new rating system will address the concerns like the expected loss (EL) of a project entity.

Finance Ministry may push for IFCI, IIFCL merger

The proposal is under the active consideration of the ministry so that the huge deficit, which infrastructure space has, can be bridged, a senior finance ministry official said.

FinMin seeks applications for post of MDs at IIFCL, IFCI

The post of MD at the country's oldest financial institution IFCI has been vacant since December 12 while vacancy for the head of IIFCL would arise in June.