India Infrastructure Finance Company Ltd (IIFCL) is said to sign a loan agreement of $ 700 million with the Asian Development Bank next month while the agreement of $ 1.2 billion with World Bank has already been signed. Moreover, it is said that another 184 million Euros was also on its way from another multilateral agency. Further, foreign loan, IIFCL will raise another Rs 3,000 crore from bonds or loans from Indian banks in the domestic market during the year.
Additionally, the 2009-10 targets was Rs 10,500-11,000 crore and they have already raised Rs 1,000 crore so far in the year and hopes another Rs 10,000 crore raised from bonds would be utilized as refinance to banks. However, until now Rs 6,300 crore had been disbursed in the present financial year while IIFCL has so far sanctioned 111 infrastructure projects of which financial closure of 103 projects had been achieved whereas the total exposure of IIFCL is Rs 19,000 crore.
Additionally, the 2009-10 targets was Rs 10,500-11,000 crore and they have already raised Rs 1,000 crore so far in the year and hopes another Rs 10,000 crore raised from bonds would be utilized as refinance to banks. However, until now Rs 6,300 crore had been disbursed in the present financial year while IIFCL has so far sanctioned 111 infrastructure projects of which financial closure of 103 projects had been achieved whereas the total exposure of IIFCL is Rs 19,000 crore.
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