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.

Related Stories

Gold Stories

Next Story
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Equipment

Seven Propel 470 HEV electric tippers go to work on coal haulage in Chhattisgarh

Propel EV, the electric mobility division of Propel Industries and India's No. 1 electric tipper brand, has deployed seven 470 HEV electric trucks with a leading coal-haulage contractor at one of India's largest opencast coal mines in Chhattisgarh. The trucks are in daily operation, moving coal on continuous haul cycles in one of the most demanding applications in Indian mining.Why Electric - and Why CoalCoal haulage runs round the clock: heavy loads, long haul cycles, steep ramps and abrasive dust. It is also where diesel hurts most. Engines run continuously, fuel is the largest single operat..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code