What is New

• Up to 31 March 2010, IIFC (UK) has accorded approval to thirteen projects for aggregate loan amount of USD 1.579 billion. The total cost of these projects is over USD 20 billion.
• Of the thirteen approved projects, ten projects are in the power sector, two are in the Mass Rapid Transport System Metro Rail and one is in the seaport sector. On completion, the ten power sector projects under reference shall add an aggregate capacity of around 18530 MW of additional power generation in the country over the next three to four years.
• The loan portfolio approved by the Company has a mix of projects from the Public sector, Private Public Partnerships and the Private sector projects.
• The Reserve Bank of India subscribed to the IIFC (UK)’s first tranche of US dollar denominated Guaranteed Bonds 2019 (Series-I) of USD 250 million on March 19, 2009.
• IIFC (UK) earned a PBT of USD 19.50 million and PAT of USD 14.05 million in FY 2009-10, as compared to USD 0.92 million and USD 0.66 million, respectively, in FY 2008-09.
• Mr. S K Goel has assumed the charge as Chairman and Managing Director of IIFCL with effect from 24 June 2010.
• In FY 2009-10, one of the Metro Rail projects assisted by IIFC (UK) was granted “Project of the Year” award at the KPMG - Infrastructure Today Awards 2010.