As the relay financing framework slowly takes hold in infrastructure financing, the government-owned Indian Infrastructure Finance Co. Ltd (IIFCL) is busy prepping to support megaprojects, Dr. Padmanabhan Raja Jaishankar, MD tells Manish Pant. Alternate Investment Financing (AIF) to source funds from international investors is already being rolled out. Jaishankar is also optimistic that given the significant stress reduction, the Reserve Bank of India will finalise provisioning norms for infrastructure projects only after consulting all stakeholders.
IIFCL reported the most impressive set of numbers in FY24. What would you consider your biggest achievements during the fiscal?
We have been working according to a strategic plan. Our first and foremost achievement is a healthy bottom line to enter the Rs.20 billion club for the first time on an EBITDA basis, with the profit after tax being about Rs.15.5 billion. We have achieved this while sustaining growth on a YoY basis over four years…