IIFCL
IIFCLIndia Infrastructure Finance Company Limted (IIFCL) was started on January 5, 2006, comes on under the Companies Act 1956,as a wholly Government owned company. The Companey was incorporated with an authorized capital of Rs. 2000 crore and paid-up capital of Rs. 1000 crore. It gives long-term financial assistance to infrastructure projects including roads, railways, seaports, airports and inland waterways. We have already raised Rs.1,000 crore and we intend to raise another Rs.3,000 crore by March 2010, said company chairman and managing director S.S. Kohli on the sidelines of a banking conference organised by the Confederation of Indian Industry (CII).
The state-owned India Infrastructure Finance Co Ltd (IIFCL) will raise Rs.3,000 crore from the domestic market by issuing bonds by March, a top company official said here on 4th Sep. 2009 Friday. The company has till date done a total disbursement of Rs.6,300 crore and plans to take it to Rs.10,500-Rs.11,000 crore by the end of the current fiscal, Kohli said. In the first four months of 2009-10 it has disbursed Rs.1,500 crore.
Tags: ific.org, iifcl bond issue, iifcl bonds, iifcl bonds 2009, iifcl budget, iifcl full form, iifcl india, iifcl tax free bonds, iifcl uk