**IIFCL to Raise USD 500 Million from Overseas Market by December to Boost Infrastructure Funding**
*New Delhi:* State-owned India Infrastructure Finance Company Ltd. (IIFCL) is planning to raise USD 500 million from the overseas market by December to fund infrastructure projects across the country. This overseas fundraising initiative aims to reduce the company’s overall cost of funds, said IIFCL Deputy Managing Director Palash Srivastava.
“We have already raised over USD 150 million so far this year. Overall, we are targeting to raise USD 650 million by December,” Srivastava told PTI.
The overseas fundraising forms part of IIFCL’s broader borrowing plan of Rs 36,000 crore for the financial year 2025-26. Of this total, the company aims to secure Rs 8,000-9,000 crore from international markets, with the remaining amount planned to be raised domestically, he added.
IIFCL is also exploring loans from the Multilateral Investment Guarantee Agency (MIGA), which would help improve the company’s margins.
“Over the years, we have reduced our dependence on government-guaranteed borrowing and are focusing more on raising funds on our own books,” Srivastava noted. He is currently holding the additional charge of Managing Director after P R Jaishankar stepped down in May.
### Robust Financial Performance in FY25
IIFCL reported a 39 percent increase in net profit, reaching Rs 2,165 crore for the fiscal year 2024-25, driven by improvement in core income. This compares to a net profit of Rs 1,552 crore in the previous fiscal year.
The company achieved its highest-ever performance for the fifth consecutive year, registering a record profit before tax (PBT) of Rs 2,776 crore. This marks a 37 percent growth over the previous year’s PBT of Rs 2,029 crore.
IIFCL’s net worth grew by 15 percent to Rs 16,395 crore in FY25, up from Rs 14,266 crore in FY24. This increase enhances the company’s capacity to lend more for infrastructure projects, allowing for higher exposure limits.
### Record Disbursements and Sanctions
During FY25, IIFCL set new records with sanctions totaling Rs 51,124 crore and disbursements reaching Rs 28,501 crore.
As of March 31, 2025, the cumulative sanctions amount to Rs 3.06 lakh crore, while cumulative disbursements stand at Rs 1.56 lakh crore.
To support ongoing business growth, the company plans to raise over Rs 30,000 crore in the current financial year.
### Improved Asset Quality
IIFCL has successfully reduced its gross non-performing assets (NPAs) to 1.11 percent, down from 1.61 percent a year ago. The net NPA also declined to 0.35 percent from 0.46 percent over the same period, reflecting stronger asset quality.
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