NIIF makes equity investment of Rs 4.7k cr in five years

28 Jan 2021 CW Staff

In its five years of existence, the National Investment and Infrastructure Fund (NIIF) has made an equity investment of less than Rs 5,000 crore in infrastructure projects, media sources say.

The Rs 40,000 crore NIIF was set up in December 2015 to enhance infrastructure financing by investing in brownfield (existing), greenfield (new), and stalled projects.

According to sources, NIIF has made an equity investment of Rs 4,689 crore, while its partners' co-investment stood at about Rs 7,053 crore at the end of September 2020. The quasi-sovereign wealth fund's total equity investment along with partners stood at Rs 11,742 crore as of September 2020. Simultaneously, the long-term debt investment was at Rs 7,935 crore, taking aggregate investment to the tune of Rs 19,677 crore.

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Set up as a Category II Alternative Investment Fund (AIF), the NIIF currently manages three funds with distinct strategies Master Fund, Strategic Opportunities Fund and Fund of Funds. NIIF's total assets under management (AUM) is at over Rs 32,171 crore across the three funds, as per the latest data provided by the NIIF.

As far as the road sector is concerned, NIIF has taken the brownfield route to enter the division following Essel Dichpally Tollway and Essel Devanahalli Tollway's acquisition last year. The acquisition was made through the NIIF Master Fund.

Also read: Equity infusion worth Rs 6,000 crore into NIIF on cards

Image Source

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..