What is New

• Up to 31st December 2011, IIFC (UK) has accorded approval to 28 projects, after net of cancellations, for aggregate loan amount of USD 3.248 billion. The total cost of these projects is over USD 34 billion.
• Of the thirty approved projects, nineteen projects are in the Power Sector, four are in the Mass Rapid Transport System- Metro Rail, seven in the Seaport and Gas Pipeline sector. On completion, the nineteen power sector projects under reference shall add an aggregate capacity of around 28390MW 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.
• IIFC (UK) earned a PBT of USD 15.677 million and PAT of USD 11.595 millionat the end of nine months of FY 2011-12, as compared to USD 7.346 million and USD 5.293 million, respectively, at the end of nine months of FY 2010-11.
• Prof. Gerard George has been re-appointed as Non-Executive Director on 26th November 2011.Mr.G.C.Tewari was appointed as Director (Government of India Nominee) on 31st October 2011.