NaBFID plans to lend Rs 150 bn to infra projects this quarter
ECONOMY & POLICY

NaBFID plans to lend Rs 150 bn to infra projects this quarter

The National Bank for Financing Infrastructure and Development (NaBFID), the newest development finance institution (DFI) to start lending last month, expects to advance Rs 150 billion to infrastructure projects this quarter, CEO Rajkiran Rai said. The lender commenced operations by lending Rs 5.20 bllion along with a consortium of financial institutions to fund the Banihal Qazigund Road Tunnel in December.

Rai said the company already has a loan pipeline of Rs 500 billion, which it expects to increase next fiscal.

With the appointment of IDBI Bank’s J Samuel Joseph last month, NaBFID now has all three deputy managing directors (DMDs) in place. Joseph will be in charge of lending and project finance for the financial institution. Former Union Bank of India executives Monika Kalia and BS Venkatesha have already taken over as the chief financial officer and chief risk officer, respectively.

The majority of the company's borrowings will be in the form of bonds. NaBFID plans to raise Rs 50 to Rs 100 billion by issuing five-year bonds for the first time within the next few months. However, going forward, the company plans to issue longer tenure bonds mostly in the 20-25 years maturity bracket because of focus on financing long gestation infrastructure projects.

Also Read
PMC announces Rs 530 mn tender for 24x7 water project in Mhalunge
Ajmera Realty records sales of INR 6.94 billion from April to December

The National Bank for Financing Infrastructure and Development (NaBFID), the newest development finance institution (DFI) to start lending last month, expects to advance Rs 150 billion to infrastructure projects this quarter, CEO Rajkiran Rai said. The lender commenced operations by lending Rs 5.20 bllion along with a consortium of financial institutions to fund the Banihal Qazigund Road Tunnel in December. Rai said the company already has a loan pipeline of Rs 500 billion, which it expects to increase next fiscal. With the appointment of IDBI Bank’s J Samuel Joseph last month, NaBFID now has all three deputy managing directors (DMDs) in place. Joseph will be in charge of lending and project finance for the financial institution. Former Union Bank of India executives Monika Kalia and BS Venkatesha have already taken over as the chief financial officer and chief risk officer, respectively. The majority of the company's borrowings will be in the form of bonds. NaBFID plans to raise Rs 50 to Rs 100 billion by issuing five-year bonds for the first time within the next few months. However, going forward, the company plans to issue longer tenure bonds mostly in the 20-25 years maturity bracket because of focus on financing long gestation infrastructure projects. Also Read PMC announces Rs 530 mn tender for 24x7 water project in Mhalunge Ajmera Realty records sales of INR 6.94 billion from April to December

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?