Srei Infrastructure Finance Ltd is planning to raise $ 1.25 bn (Rs 6956 crore) from the market through bonds and combination of internal and external borrowings.
The infrastructure equipment and project finance company is looking at a growth rate of 30% in the equipment finance segment. Equipment financing contributes almost 90 per cent of the company’s revenue.
“We are looking at 30%-40% growth in the company’s fee based income in 2-3 years,” said Hemant Kanoria, vice-chairman and managing director. The fee-based income of the company is 10% at present.
Srei is now leading a consortium engaged in preparing report for a mass rapid transport (MRT) project in Sri Lanka along with the Singapore Land Transport Authority. It is the company’s first overseas venture into infrastructure project advisory jobs.
Srei has also planned to increase its asset base in Russia from Euro 20-25 million to Euro 50 million by the end of this fiscal. Kanoria said, “Russia is important market for equipment financing.” The initial exposure of the company in Russia is Euro 5 million. The company is also looking at the market in South Asian countries like Mauritius.
Regarding the company’s joint venture with BNP Paribas, Kanoria said it will start operation by the end of this financial year. “We are trying to maintain the 30% growth of the company in the equipment finance business,” he said.