IIFCL to invest 2,000 cr in infra bonds and Rs 1,500 cr in InvIT

10 Feb 2022 CW Team

India Infrastructure Finance Company Limited (IIFCL), an infrastructure lender, plans on investing Rs 2,000 crore in infrastructure bonds along with Rs 1,500 crore in infrastructure investment trust (InvIT) by the end of March 2022.

Managing Director, P R Jaishankar said they hope to invest around Rs 2,000 crore in bonds and Rs 1,500 crore in loans (InvITs). So, they hope to complete an investment of an estimated Rs 3,500 crore in this financial year.

In the previous week, the company had made an investment of Rs 325 crore in non-convertible debentures (NCD) which had been issued by the infrastructure investment trust, Virescent Renewable Energy Trust (VRET).

The 10-year bond has provided IIFCL with a coupon of 7.9% and an annualised yield of 8.2%.

Jaishankar said this investment in bonds issued by InvIT will assist to develop a long-term bond market in India while providing long-term financial assistance for the InvITs.This will further help to improve the asset quality of the lender.

In the last fiscal, the company recorded its highest sanctions and disbursements worth Rs 20,892 crore and Rs 9,460 crore each, on a standalone basis.

In the initial nine months of this financial year, the company’s standalone sanctions reached around Rs 18,000 crore and disbursements to Rs 6,000 crore. Jaishankar mentioned that these sanction and disbursement amounts will be higher in this financial year in comparison with FY21.

Regarding the non-performing assets (NPAs), he said the lender looks forward to improving asset quality along with making the balance sheet stronger (concerning fundamentals).

The net NPA ratio is expected to be sub-5% and the gross NPA ratio to be less than 10% by March 2022.

Image Source

Also read: KKR-backed Virescent sets up India's first renewable energy trust

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..