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New Delhi: India Infrastructure Finance Company Ltd ( IIFCL ) plans to mobilise up to USD 1 billion through the MIGA guarantee fund during the ongoing first quarter to support infrastructure development across the country.The Multilateral Investment Guarantee Agency (MIGA) provides guarantees against non-commercial risks to facilitate the flow of foreign investment in developing countries and lift people out of poverty."We are in the process of seeking approval for mobilising up to USD 1 billion as long-term commercial debt without sovereign guarantee, in collaboration with MIGA, a World Bank Group entity, which would result in a reduction in financial burden on the public exchequer," IIFCL MD Rohit Rishi told PTI.The state-owned entity is talking to 3-4 top global banks to garner the funds for 15 years."We are at advance stage of negotiation with global banks, and we would be able to raise the MIGA Fund during the current quarter if everything goes well amidst the uncertain global environment," he said.Addressing stakeholders here on Thursday, Rishi said IIFCL had gone to the international market on the back of its own balance sheet and raised funds from Japan, which is considered a very tough market.IIFCL, which has been diversifying its fundraising strategy in the last few years, mobilised USD 500 million. It was oversubscribed five times at the lowest cost for a 15-year tenure.The ECB raised to strengthen the company's ability to finance long-term infrastructure projects, matching the amortising profile of typical infrastructure loans benchmarked to a floating rate.Talking about the financial strength of IIFCL, he said, the capital adequacy ratio of the lending institution stood at 21 per cent with net NPA at 0.3 per cent as of December 2025.Established in 2006, it provides long-term financial assistance to viable infrastructure projects.The authorised and paid-up capital of the company stood at Rs 10,000 crore and Rs 9,999.92 crore, respectively, as of March 31, 2025.IIFCL has been registered as an NBFC-ND-IFC with the Reserve Bank of India (RBI) since September 2013 and follows the applicable prudential norms of the Reserve Bank of India.IIFCL reported a 39 per cent jump in net profit to Rs 2,165 crore for the fiscal year ended in March 2025, as against Rs 1,552 crore in the previous fiscal.The company recorded its all-time high performance, for the fifth year in a row, with record Profit Before Tax (PBT) of Rs 2,776 crore, recording a growth of 37 per cent over the previous year's Rs 2,029 crore.In the previous financial year, the company recorded its highest-ever annual sanctions and disbursements of Rs 51,124 crore and Rs 28,501 crore, respectively.Building on this strong performance, IIFCL continues to sustain its growth momentum and is on track to surpass the previous year's results. As of January 31, 2026, annual sanctions have already reached Rs 53,217 crore, with disbursements at Rs 25,470 crore.