IIFCL Aims To Expand Footprint Across Sectors Clients In Infra Space

IIFCL is the only wholly-owned government non-banking financial company that caters to all infrastructure sub-sectors through various schemes

India Infrastructure Finance Company Limited (IIFCL), a Government of India Enterprise specialising in financing the infrastructure sector, hosted a Stakeholders' Meet in Mumbai. The event was led by P. R. Jaishankar, Managing Director of IIFCL, and Pawan K. Kumar, Deputy Managing Director, along with other senior officials from the company.

This Stakeholders' Meet follows a series of successful meetings organised by IIFCL in cities such as Chennai, Hyderabad, Mumbai, and Bengaluru during the previous fiscal year. The company aims to expand its footprint across new regions, sectors, and clients in the infrastructure space.

The meeting brought together a diverse group of industry stakeholders, including project developers, lenders, and rating agencies. The event provided a platform for discussing innovative products and the potential and challenges of the infrastructure sector. Participants shared feedback and deliberated on various strategies for collaboration, with a focus on developing sustainable solutions and creating a conducive environment for infrastructure development in India.

The event also highlighted the achievements and initiatives of IIFCL, showcasing its emergence as a preferred innovative infrastructure financier in the country.

Over the past four years, IIFCL has undergone a significant turnaround, posting its highest ever Profit After Tax (PAT) of Rs 1,552 crore in FY24. The company has also seen a continuous decline in Non-Performing Assets (NPAs), with Gross NPAs and Net NPAs reduced to 1.61 per cent and 0.46 per cent, respectively, down from approximately 19.70 per cent and 9.75 per cent in FY20. Additionally, IIFCL has achieved record sanctions and disbursements year-on-year for the past four years.

IIFCL is the only wholly-owned government non-banking financial company that caters to all infrastructure sub-sectors through various schemes, including Direct Lending, Takeout Finance, Credit Enhancement, Infrastructure Investment Trusts, Investment in Bonds, and Refinance to Banks and Financial Institutions.

As of June 30, 2024, IIFCL has cumulatively sanctioned Rs 2.7 lakh crore and disbursed Rs 1.3 lakh crore towards the infrastructure sector in India. The company has also been actively providing inputs and policy support in the infrastructure financing space to the Government through various forums, aiming to promote and develop world-class infrastructure in India.