Introduction

NIIF Infrastructure Finance Limited (NIIF IFL) was incorporated as an Infrastructure Debt Fund (IDF) under the category of NBFC.

IDF-NBFCs invest only in post COD infrastructure projects which have completed at least 1 year of satisfactory commercial operation:

  • > PPP projects with Project Authority – with a Tripartite Agreement
  • > PPP projects without a Project Authority
  • > Non-PPP projects

Sectoral Focus – Renewable Power, Roads, Transmission, Logistics, Social Infrastructure

NIIF IFL was created on March 7, 2014 (originally incorporated as “IDFC Infra Debt Fund Limited”) as a new infrastructure financing entity under the NBFC format as per the RBI guidelines issued in this regard. The Reserve Bank of India granted Certificate of Registration to NIIF IFL on September 22, 2014 permitting the Company to carry on the business of IDF-NBFC. The Company commenced business on January 16, 2015.

The Company changed its name from IDFC Infra Debt Fund Limited to IDFC Infrastructure Finance Limited with effect from January 10, 2017. In March, 2019 National Investment and Infrastructure Fund (NIIF) Fund II acquired 58.89% equity stake in in IDFC Infrastructure Finance Limited. Thereafter name of the Company was changed to NIIF Infrastructure Finance Limited with effect from July 11, 2019 to reflect the change in ownership of the Company. The Reserve Bank of India granted fresh Certificate of Registration to the Company.

“The Company is having a valid Certificate of Registration dated July 26, 2019 issued by the Reserve Bank of India under Section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the Company or for the correctness of any of the statements or representations made or opinions expressed by the Company and for repayment of deposits / discharge of liabilities by the Company.”