SREI Infra profit up 85 percent

July 30th, 2008 - 11:11 pm ICT by IANS  


Kolkata, July 30 (IANS) Infrastructure finance company SREI Infrastructure Finance Ltd posted a consolidated profit after tax of Rs.432 million ($10.3 million) for the quarter ended June 30, 2008, against Rs.233 million over the same period last year, registering a growth of 85 percent. “SREI and its subsidiaries are also extending its financial assistance to sectors like aviation, oil and gas, transport, telecom, industrial parks etc,” said Sunil Kanoria, director of the company.

SREI has also decided to up its ante in overseas countries. While its Russian operation has begun to stabilise and hopes to cross an asset under management size of $150 million in a year’s time, the company is looking to replicate similar asset financing models in other target areas such as the Middle East and Southeast Asia.

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