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  Business   In Other News  22 Jun 2019  Srei receives $30 million credit approval

Srei receives $30 million credit approval

THE ASIAN AGE. | RITWIK MUKHERJEE
Published : Jun 22, 2019, 7:21 am IST
Updated : Jun 22, 2019, 7:21 am IST

The loan will be fully dedicated to re-financing of green activities of Srei Equipment, primarily through the financing.

Srei Equipment Finance Limited, an arm of Srei Infrastructure Finance Limited (Srei), bagged credit approval for $30 million from FMO, a Netherlands based Development Finance Bank.
 Srei Equipment Finance Limited, an arm of Srei Infrastructure Finance Limited (Srei), bagged credit approval for $30 million from FMO, a Netherlands based Development Finance Bank.

Kolkata: Srei Equipment Finance Limited, an arm of Srei Infrastructure Finance Limited (Srei), bagged credit approval for $30 million from FMO, a Netherlands based Development Finance Bank. The loan will be fully dedicated to re-financing of green activities of Srei Equipment, primarily through the financing or leasing of equipment used for solar and wind projects. Interestingly, Srei Equipment already has an environmental and social management system in place for over a decade, and this debt investment by FMO will further help the company to amplify its ongoing efforts towards responsible financing.

"This transaction reaffirms our dedication towards building a sustainable future," said Devendra Kumar Vyas, Managing Director, Srei Equipment Finance Limited.

Tags: srei equipment finance limited, development finance bank