Hyderabad, February 9: Indian Infrastructure Finance Company Limited (IIFCL) Chairman and Managing Director S K Goel on Tuesday stated the company would establish its regional office in Hyderabad soon.
Talking to media persons, Mr Goel said the company board has decided to establish regional offices in Kolkata, Mumbai and Hyderabad to streamline its operations.
Mr Goel added that the company would mop up around Rs 1,200 crore from tax-saving infrastructure bonds to raise resources.
He stated that the returns on the bonds were highest with coupon rates at 8.15 per cent and 8.30 per cent depending upon the nature of holding tenure.
Mr Goel said that bonds would also offer tax savings under Sec 80CCF of IT Act 1961. The proceeds of the issue would be deployed towards the infrastructure sector.
The bonds will be issued from Feb 4 and closed on March 4.
The IIFCL chairman said that the company, founded in 2006, had clocked a net profit of Rs 260 crore in the last fiscal. IIFCL is a zero NPA company, he added.
INN