NEW DELHI. India Infrastructure Finance Company Limited (IIFCL) has achieved another significant milestone by signing loan documents for a ₹916 crore Term Loan, representing IIFCL’s share, in a consortium with the International Finance Corporation (IFC). This transaction marks IIFCL’s maiden financing in the Smart Metering sector and represents a first-of-its-kind venture for the institution, reflecting its deep commitment to supporting next-generation infrastructure and technology-driven public utility projects. The funding is dedicated to a critical smart metering project in Rajasthan promoted by Gemstar, a platform backed by GIC, Singapore, and Genus Power Infrastructures Ltd. This project is poised to contribute significantly to modernizing power distribution infrastructure, improving operational efficiency, enhancing consumer services, and supporting India’s broader vision of digital transformation and energy sustainability. Ultimately, this milestone reinforces IIFCL’s role as a leading infrastructure financier that partners with premier global institutions to catalyze investments in critical sectors and drive sustainable infrastructure development across the country.
IIFCL Secures Maiden Smart Metering Project Loan with IFC Partnership
