SREI bags over Rs 3,000 cr NHAI projects

New Delhi, June 13 (UNI) SREI Infrastructure Finance Ltd today announced that it bagged NHAI/Annuity Road Projects worth more than Rs 3000 crore.

These road construction projects allotted on BOT basis will be completed over the next 18-36 months by SREI in partnership with several leading construction companies throughout India.

The projects are Bharatpur-Mahua Project (Rajasthan) undertaken with Madhucon Projects Ltd; Nagpur Kondhali Project in Maharashtra with Atlanta Ltd; Thrissur-Angamali Project in Kerala with KMC Construction Ltd; Madurai-Tuticorin Project in Tamil Nadu with Madhucon Projects Ltd and Madhucon Granites Ltd; Lakhnadon Project in Madhya Pradesh with Sadbhav Engineering Ltd and the Karur-Dindigul Project in Tamil Nadu with Madhucon Projects Ltd.

''We have been involved in the infrastructure sector since a long time and we have been supporting the roads, transportation, power, ports, and mining sectors specifically. With our various debt/equity/quasi-equity instruments, we are now able to take larger stake in the projects directly,'' SREI Vice-Chairman and Managing Director Hemant Kanoria said.

SREI has 36 branches across the country and has also expanded its operations overseas.

International Finance Corporation (IFC), Washington (World Bank Group), German-govt owned DEG Germany, FMO the Netherlands, owned by the Government of Netherlands and BIO (Belgium Financial Institutions owned by the Government of Belgium) are among the large stakeholders in the company.

UNI CS DKS KP1548