IIFCL may get 80 mln euro loan from Germany's KFW

NEW DELHI (Reuters) - India Infrastructure Finance Co Ltd (IIFCL) is likely to get a credit facility of 80 million euros from Germany's KFW, said a top official at IIFCL.

"KFW's loan worth 80 million euro will be approved in two-three months," IIFCL Chairman S.S. Kohli told Reuters on Thursday.

The infrastructure refinance company has no further plan for fresh borrowing from the market in the near term, he added.

The company has already issued 100 billion rupees of tax-free bonds earlier in 2009.

This is a part of the 400 billion rupees that the government allowed IIFCL to raise through tax-free bonds to finance projects worth 1 trillion rupees in the country.