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SREI Infrastructure Finance Ltd, which is tapping the market through an offer of bonds, is set to diversify its funding in the infrastructure sector businesses, going beyond lending and equity play in the areas of power and roads.
The company, which has assets of over Rs 26,000 crore under management, has funded infrastructure projects with an outlay of Rs 8,000 crore. “We are looking at crossing the Rs 10,000-crore mark shortly, possibly during the financial year,” Mr Saud Bin Siddique, Managing Director of SREI, said.
Addressing newspersons to announce their offer of infrastructure bonds, Mr Siddique said their overall infrastructure portfolio shows that more than 30 per cent has flowed into the power sector and about 23 per cent to the roads sector.
“We continue to fund power projects, which include the likes of GVK Power & infrastructure Ltd, for their power ventures,” he said.
The diversified lending company is planning to raise up to Rs 500 crore in more than one tranche.
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