Driven by the growth momentum in the infrastructure sector, SREI Infrastructure Finance is looking to clock up to 30 per cent growth both in profit as well as disbursement in FY12.
From the estimated Rs 204 crore in FY11, SREI Infra expects the profit after tax to be around Rs 265 crore in FY12. Similarly compared to the estimated Rs 11,700 crore in FY11 the total disbursement is expected at around Rs 15,210 crore in FY12.
In the coming fiscal, company is expecting to get 35-40 new projects and would be looking at financing projects related to water, solid waste management and urban utility development areas. However, several hurdles like the 2G scam is likely to put a break on the growth momentum and the sector might not achieve the estimated double digit growth.
Recently, SREI Infrastructure Finance has been classified by the Reserve Bank of India (RBI) as Infrastructure Finance Company (IFC) within the overall classification of Non Banking Finance Company (NBFC).
At present, the company’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village. It has a pan-India presence with a network of 73 offices and has also replicated its business model overseas with three offices in Russia.
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