IIFCL Aims To Double Lending to Rs 1 Tn in Three Years: Jaishankar
ECONOMY & POLICY

IIFCL Aims To Double Lending to Rs 1 Tn in Three Years: Jaishankar

PR Jaishankar, Managing Director of India Infrastructure Finance Company Limited (IIFCL), has set an ambitious target to double the company's lending to Rs 1 trillion within the next three years.

Speaking on the company's performance, he remarked, "Our disbursement is all about 150 billion. So our balance sheet today stands with a total size of about 800 billion, with loan books around 700 billion. So we would like to look at how we first achieve one trillion during the next few months itself, and then go to double it within the next three years."

Jaishankar attributed the robust state of the infrastructure sector to the government's proactive reforms and financial initiatives."The infrastructure stands at this robust position only because of the government's major push, both as major financiers and the push for reforms, propelling reforms, all have been, you know, at the government's, you know, initiatives. So the current budget also, we have the same optimistic expectations," he said.

He added that the sector is entering a transformative phase."We are entering the new age of infrastructure, version 2.0 with focus on digitally driven infrastructure, with focus on sustainability resilience and more on commercial viability and better risk management systems, better monitoring systems and better due diligence," he noted.

Reflecting on improvements in the sector's financial health, Jaishankar praised the decline in non-performing assets (NPAs), which have drastically reduced.

"NPAs had, during 2011-2010, it used to be around 36 per cent for the banking sector, which has now come down substantially because of the government's initiative and push and so many reforms have been there," he said. Highlighting IIFCL's own achievements, he stated, "We have reduced our NPA to less than 0.5 per cent today. So our NPAs used to be around 20 per cent about four or five years ago; we are now less than 0.5 per cent."

Discussing project lending, he emphasised the safeguards in place to ensure transparency and efficiency. "Project lending always has been very, very safe, and it has been full of good governance structure, good risk management system, good accounting policy, above all, good due diligence process," he said.

He credited the system's improvement to consortium-based financing, where multiple banks and committees scrutinize projects. "Infrastructure as a whole, seems to be the safest sector today to lead," he concluded

PR Jaishankar, Managing Director of India Infrastructure Finance Company Limited (IIFCL), has set an ambitious target to double the company's lending to Rs 1 trillion within the next three years. Speaking on the company's performance, he remarked, Our disbursement is all about 150 billion. So our balance sheet today stands with a total size of about 800 billion, with loan books around 700 billion. So we would like to look at how we first achieve one trillion during the next few months itself, and then go to double it within the next three years. Jaishankar attributed the robust state of the infrastructure sector to the government's proactive reforms and financial initiatives.The infrastructure stands at this robust position only because of the government's major push, both as major financiers and the push for reforms, propelling reforms, all have been, you know, at the government's, you know, initiatives. So the current budget also, we have the same optimistic expectations, he said. He added that the sector is entering a transformative phase.We are entering the new age of infrastructure, version 2.0 with focus on digitally driven infrastructure, with focus on sustainability resilience and more on commercial viability and better risk management systems, better monitoring systems and better due diligence, he noted. Reflecting on improvements in the sector's financial health, Jaishankar praised the decline in non-performing assets (NPAs), which have drastically reduced. NPAs had, during 2011-2010, it used to be around 36 per cent for the banking sector, which has now come down substantially because of the government's initiative and push and so many reforms have been there, he said. Highlighting IIFCL's own achievements, he stated, We have reduced our NPA to less than 0.5 per cent today. So our NPAs used to be around 20 per cent about four or five years ago; we are now less than 0.5 per cent. Discussing project lending, he emphasised the safeguards in place to ensure transparency and efficiency. Project lending always has been very, very safe, and it has been full of good governance structure, good risk management system, good accounting policy, above all, good due diligence process, he said. He credited the system's improvement to consortium-based financing, where multiple banks and committees scrutinize projects. Infrastructure as a whole, seems to be the safest sector today to lead, he concluded

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?