 "Very few infrastructure projects going around for lenders: IIFCL chairman")
The government-owned India Infrastructure Finance Company (IIFCL) wrote off 16 accounts from its balance sheet last year. This was also the year when it reported its first loss, since inception in 2006, at Rs 11.56 billion. Though this might be a reflection of the financial stress in the infrastructure sector, the firm’s balance sheet is more an outcome of provisioning requirements than a distress.
The company has been able to shield itself from the lending slowdown by turning its focus to hybrid-annuity model (HAM) projects in the road sector from 2015. This was also the point when it started to do
