IIFCL approves loans to enhance civil aviation infra

17 Oct 2023 CW Team

The India Infrastructure Finance Company Limited (IIFCL) has given the green light for loans worth an impressive ?8.8 billion to bolster civil aviation infrastructure in the country.

This significant financial commitment aims to propel the aviation sector towards new heights, ensuring its growth and development.

These substantial funds will be instrumental in modernizing airports, expanding runways, and enhancing facilities across the nation. With air travel becoming increasingly vital for both domestic and international connectivity, this investment comes at a crucial juncture.

The move by IIFCL aligns with the broader goal of improving air travel infrastructure to accommodate the rising demand for passenger and cargo services.

Additionally, this initiative is expected to stimulate economic growth, create job opportunities, and strengthen the overall transportation ecosystem in India.

In conclusion, the approval of ?8.8 billion in loans by IIFCL represents a pivotal moment for the civil aviation sector, setting the stage for a more robust and efficient aviation infrastructure system in India.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..