SREI Infrastructure Finance, which is tapping the market through an offer of bonds, is set to diversify its funding in the infrastructure sector businesses, going beyond lending and equity play in the areas of power and roads.
The company, which has assets of over Rs26,000 crore under management, has funded infrastructure projects with an outlay of Rs8,000 crore. “We are looking at crossing the Rs10,000-crore mark shortly, possibly during the financial year,” Mr Saud Bin Siddique, Managing Director of SREI, said.
Addressing newspersons to announce their offer of infrastructure bonds, Mr Siddique said their overall infrastructure portfolio shows that more than 30% has flowed into the power sector and about 23% to the roads sector.
“We continue to fund power projects, which include the likes of GVK Power & infrastructure, for their power ventures,” he said.
The diversified lending company is planning to raise up to Rs500 crore in more than one tranche.....more info
The company, which has assets of over Rs26,000 crore under management, has funded infrastructure projects with an outlay of Rs8,000 crore. “We are looking at crossing the Rs10,000-crore mark shortly, possibly during the financial year,” Mr Saud Bin Siddique, Managing Director of SREI, said.
Addressing newspersons to announce their offer of infrastructure bonds, Mr Siddique said their overall infrastructure portfolio shows that more than 30% has flowed into the power sector and about 23% to the roads sector.
“We continue to fund power projects, which include the likes of GVK Power & infrastructure, for their power ventures,” he said.
The diversified lending company is planning to raise up to Rs500 crore in more than one tranche.....more info