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SREI Infrastructure raises $45 mln from Netherlands FMO

Written by: Staff
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New Delhi, Sep 14 (UNI) SREI Infrastructure Finance Ltd today said the Netherlands Development Finance Company (FMO) will provide a long-term syndicated loan worth 45 million dollar, to fund infrastructure development in India.

''FMO has been a stakeholder of the company since the last ten years. This amount will also provide us with the funds to extend assistance to small and medium enterprises (SMEs)involved in the infrastructure sector in India,'' SREI Infrastructure Vice Chairman and Managing Director Hemant Kanoria said.

The cooperation agreement was signed here today but the formal annoncement will be made tomorrow.

Mr Wienk and Mr Kanoria described the contract as ''the strengthening of an intensive cooperation for the financing of infrastructure investments in India.'' FMO expands the company's funding basis by attracting long-term investors in the syndicate. Furthermore, FMO supports the company on environmental and social reporting issues, FMO Regional Director Wim Wienk said.

In its core business of financing infrastructure construction equipment, the company has been constantly increasing its presence in the market and now is the leading player among the non-banking financial institutions in India, Mr Kanoria added.

The company combines asset knowledge, structuring expertise and providing end-to-end solution, creative partnering and risk sharing of assets to provide holistic business expertise to customers and partners.

SREI Infrastructure is one of the leading private sector infrastructure equipment finance, infrastructure project finance and renewable energy products financing company.

UNI PV DKS BST2002

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