Infrastructure Infrastructure Infrastructure Infrastructure Company Financial Ltd (IIFCL) plans to invest RS 2,000 Crore in infrastructure bonds and 1,500 crore Rs in Infrastructure Investment Trust (Invit) at the end of March 2022, a top company official said.

“We hope to conduct (invest) around Rs 2,000 Crore in bonds and other 1,500 crore rs on loans to be invited. So we want to finish around RS 3,500 Crore (Investment) in this fiscal,” said Director of Managing Director Jaisanhankar. PTI.

Last week, the government-owned company invested the Hospital 325 Crore in the Non-Convertible Debentures (NCD) issued by renewable energy trusters (Vret), infrastructure investment trust. The 10-year bond offered by IIFCL coupon was 7.9 percent with an annual result of 8.2 percent.

Jaisankar said his inaugural investment in bonds issued by invitations would help develop the long-term bond market in the country and also provide long-term financial assistance to be invited. It will also result in an increase in the quality of lenders.

In FY21, he recorded the highest sanctions and expenses at Rs 20,892 Crore and Rs 9,460 Crore, respectively independently.

During the first nine months of the current financial year, Mandiri Sanctions touched around RS 18,000 Crore and disbursement was the order of Rs 6,000 Crore. Jaisankar said the number of sanctions and disbursement is expected to be higher this fiscal compared to FY21.

Talking about non-performing assets (NPA), he said lenders want to improve the quality of their assets and make the balance sheet much stronger and stronger in terms of fundamentals. He expects the NPA ratio to be sub-5 percent and the Gross NPA ratio is below 10 percent in March 2022.

“The NPA net ratio floated around 9-11 percent in the last three-four years. So we have to solve the mark and be under 6 percent. Last year in 20-21, our net NPA was 5.39 per. CENT compared to 9.75 percent in the previous year. This year, we hope it will come below 5 percent, “he said. In December 2021, the net NBA ratio reached 4.36 percent.

He said the NPA reduction would take into account the overall performance of the company’s performance and a better recovery. “We have coordinated with various agents for recovery. We have a lot of cessation payments that need to be restored from the NHAI and other concession authorities and there we are very aggressive. So, our recovery has increased,” Jaishankar said.

In TA 2021, the recovery of cash from a bad loan increased to more than Rs 625 Crore, growth of 92 percent compared to the previous year. “This year, we hope to recover around Rs 800-900 Crore in NPA,” he said.

The company’s funding costs are currently at 6 percent compared to 7.3-7.4 percent a few years ago. Jaisankar further said when the company planned to invest in infrastructure bonds, inviting and also had a committed funding pipeline, he would see collecting funds in the fourth quarter of FY22 and in the next fiscal.

“For next year we have a plan to start regular market tapping. We carefully watch the results curve and according to things that are conducive to our resource strategy, we will start our resource increase,” he said. He said even though the next fiscal plan was unfinished, increasing funds might be in the range of Rs 6,000-8,000 Crore.

The company posted independent profit after tax (PAT) from RS 286 Crore and Pat RS 325 Crore at FY21. In the nine months ended December 2021, Pat Standalone increased to Rs 528 Crore, up 45 percent Y-O-Y.