+
IIFCL sanctions loans worth 8,800 cr to develop civil
ECONOMY & POLICY

IIFCL sanctions loans worth 8,800 cr to develop civil

India Infrastructure Finance Company Limited (IIFCL) has greenlit loans amounting to Rs 8,800 crore to foster the growth of airports and civil aviation infrastructure within the nation, according to Managing Director PR Jaishankar. The Indian government harbors ambitious plans for advancing the civil aviation sector, recognizing that substantial investments are pivotal to realizing these aspirations.

Jaishankar revealed, "To date, IIFCL has approved loans totaling approximately Rs 8,800 crore, with disbursements reaching around Rs 4,000 crore, specifically designated for the development of airport projects." The company stands as a prominent financial contributor to airport projects across India, having extended support to these ventures with a combined project outlay of roughly Rs 74,000 crore. Additionally, Jaishankar emphasized that IIFCL maintains a notable presence across nearly all major airports in the country.

This strategic allocation of funds by IIFCL underscores the crucial role of financial institutions in fostering the growth and modernization of India's civil aviation infrastructure. These developments are aligned with the government's vision to elevate the aviation sector, which plays a pivotal role in India's economic and transportation landscape.

India Infrastructure Finance Company Limited (IIFCL) has greenlit loans amounting to Rs 8,800 crore to foster the growth of airports and civil aviation infrastructure within the nation, according to Managing Director PR Jaishankar. The Indian government harbors ambitious plans for advancing the civil aviation sector, recognizing that substantial investments are pivotal to realizing these aspirations. Jaishankar revealed, To date, IIFCL has approved loans totaling approximately Rs 8,800 crore, with disbursements reaching around Rs 4,000 crore, specifically designated for the development of airport projects. The company stands as a prominent financial contributor to airport projects across India, having extended support to these ventures with a combined project outlay of roughly Rs 74,000 crore. Additionally, Jaishankar emphasized that IIFCL maintains a notable presence across nearly all major airports in the country. This strategic allocation of funds by IIFCL underscores the crucial role of financial institutions in fostering the growth and modernization of India's civil aviation infrastructure. These developments are aligned with the government's vision to elevate the aviation sector, which plays a pivotal role in India's economic and transportation landscape.

Next Story
Building Material

UltraTech’s Limestone Mine Gets India’s First-Ever 7-Star Rating

UltraTech Cement, India’s largest producer of cement and Ready-Mix Concrete (RMC), has received top honours for sustainable mining practices. Thirteen of the company’s limestone mines were awarded star ratings by the Indian Bureau of Mines (IBM), Ministry of Mines, for FY 2023–24 during a ceremony held in Jaipur, Rajasthan. Among these, the Naokari Limestone Mine—part of UltraTech’s Awarpur Cement Works in Chandrapur, Maharashtra—was awarded India’s first-ever 7-star rating for a limestone mine, in recognition of exceptional performance in ‘Green Mining’. The remain..

Next Story
Infrastructure Urban

Sieger Parking Enters Mumbai Market, Expands West India Presence

Sieger Parking, a Coimbatore-headquartered specialist in automated and multi-level car parking systems, has announced its entry into Western India with the launch of a regional office in Mumbai. This move marks a key milestone in the company’s pan-India growth strategy and its commitment to delivering technology-driven, space-efficient parking solutions across urban India. The Mumbai office will serve as the regional headquarters for Maharashtra and neighbouring states, supporting end-to-end operations with on-ground sales, project management, and service teams. The aim is to fast-track..

Next Story
Resources

IGBC Green Kochi Conclave 2025 Champions Culture and Climate Action

The Indian Green Building Council (IGBC), part of CII, hosted the Green Kochi Conclave 2025 on 4 July at Hotel Holiday Inn, Kochi, under the theme “Tharavadu to Tomorrow: Weaving Kerala’s Heritage into a Sustainable Built Environment.” The event brought together policymakers, architects, developers, and thought leaders to discuss Kerala’s progress in blending cultural heritage with sustainable design.  Kerala is emerging as a frontrunner in climate-resilient development, thanks to passive design strategies, rainwater harvesting, cool roof initiatives, and the widespread adopt..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?