IIFCL expects to disburse Rs 50,000 crore in the next financial year

Outstanding advances stood at Rs 37,688 crore at the end of September 2021. They rose from Rs 33,637 crore in March 2020 and Rs 36,647 crore in March 2021, according to ICRA.

With upturn in the capex cycle and infra investments, India Infrastructure Finance Company (IIFCL) expects to disburse Rs 50,000 crore in the next financial year (FY23).

While it visited the market after a gap of eight years to raise Rs 1,500 crore via bonds last week, the government-owned finance company is looking to raise up to Rs 3,000 crore before March-end, to fund the sanctioned credit.

P R Jaishankar, managing director (MD), IIFCL, told Business Standard that the infrastructure projects are such that bulk use of sanctioned credit happens in the second year onwards and goes on in the third and fourth