IL&FS Financial Services expects to help its parent as well as domestic companies raise up to $8 billion in the next fiscal for funding infrastructure projects.

The wholly owned investment banking arm of Infrastructure Leasing & Financial Services Ltd (IL&FS) has arranged loans aggregating $3.75 billion in the financial year so far.

“We expect to end the year by helping IL&FS as well as Indian infrastructure companies raise up to $5 billion,” said Managing Director and CEO Ramesh Bawa.

Bawa pointed out that IL&FS needs funds, as it is either a joint-venture partner or a sponsor of nearly a dozen infrastructure projects in the roads, power and water supply segments.

To cater to the funding requirements of Indian and international customers in Greater China, and East and North Asia, the company recently opened an office in Hong Kong. Besides Hong Kong, it has offices in Singapore, London and Dubai.

“India is a capital-deficient economy, and, therefore, it is important to supplement domestic resource pools with international pools of capital. Hence, we have set up the Hong Kong office to help Indian companies raise funds from overseas markets,” said Bawa.

The company provides project finance advisory and mobilises project and corporate debt and equity for India centric initiatives.

Published on December 24, 2012