Srei Infra to lend Rs 7000-8000 crore

Kolkata-based Srei Infrastructure Finance plans to loan Rs 7,000-8,000 crore towards infrastructure projects. The company will be raising this money through a combination of debt and ECBs. It is yet to decide on the projects where it will be investing this money.

Srei Infrastructure finances bridges, approach roads, bypasses and roads, independent and captive power projects and small-to-medium sized power projects and equipment in the power sector; port equipment, private berths and container handling jetties in the port sector.

Srei Infra Finance posted a revenue of Rs 3,243.38 crore during quarter ended June 30, 2010, compared with Rs 1,532.70 crore during the corresponding quarter last fiscal, registering a increase of 111.61%.