IIFCL(India Infrastructure Finance Company Limited ) gives wings to aviation sector; sanctions loans worth ₹8,800 crore for infrastructure boost
Banking & Finance
To boost India's aviation sector and existing infrastructure, India Infrastructure Finance Company Limited (IIFCL) has approved loans worth Rs 8,800 crore for the industry, director PR Jaishankar said on Sunday. "So far, IIFCL has sanctioned loans worth around ?8,800 crore with disbursement of around ?4,000 crore for the development of airport projects," he told PTI. Being one of the major financiers of airports in India, IIFCL has supported airports with a total project outlay of approximately ?74,000 crore. PR Jaishankar highlighted how IIFCL is present at almost all major airports in the country.
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