IIFCL to disburse Rs 5,500 cr loans to infra projects in four months: Media Report

Posted By: Religare
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IIFCL to disburse Rs 5,500 cr loans to infra projects in four months
India Infrastructure Finance Company Ltd (IIFCL) said it would disburse Rs 5,500 crore loans to various infrastructure projects in four months, reported PTI.

"The loan disbursement target for the current fiscal is Rs 9,500 crore," IIFCL executive director HK Bhanwala told PTI.  According to the report, IIFCL has already disbursed Rs 4,000 crore between April-November period. Bhanwala added that the remaining Rs 5,500 crore would be disbursed by the end of March.

He said, IIFCL has disbursed loans to some of the stalled projects cleared by the Cabinet Committee on Investment (CCI). Loan disbursal would pick up as more and more projects cleared by the CCI reach financial closure, he added.

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