After constraints get addressed, IIFCL book can grow to ₹4 trillion by FY28

India Infrastructure Finance Company (IIFCL), the wholly owned government enterprise that provides long-term finance to viable infrastructure projects, is aiming to grow the size of its books to ₹4 trillion by 2028. Managing Director P R JAISHANKAR talks to Harsh Kumar in New Delhi about the road ahead for the financier. Edited excerpts:

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The Department of Financial Services secretary has talked of setting a ₹1 trillion loan book target and aiming to double that in three years. How has the progress been on that front?

We are confident about that target. On a consolidated basis, we're close to achieving it. We aim to maintain that level in the coming year as well. Our projections indicate by the end of FY26, we should reach around ₹1.7 trillion on a consolidated basis, and we plan to scale this up even further.

Although we are facing constraints related to lending and resource mobilisation, the government is aware of these, and we expect them to be resolved soon. With those constraints addressed, we are targeting a significant increase to ₹4 trillion by 2028.

You are planning to raise around ₹30,000 crore this quarter. Which sectors will that fund?

They include emerging sectors such as renewable energy and mass rapid transit systems. Additionally, we will invest in power transmission as well as conventional sectors like roads, power, airports, and ports. We are also emphasising data centres and digital infrastructure. Allocation will be across these priority sectors.

How much has been allocated for data centres so far?

We have sanctioned three data-centre projects. Allocation is ₹2,000 crore-₹3,000 crore.

How is IIFCL looking to finance the railways and airports?