9 Apr 2019
EUR 27.7 million
Energy and water
|Date of agreement:||26 Nov 2018|
|Customer:||Srei Equipment Finance Ltd.|
|Amount in EUR:||EUR 20 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The loan programme has been provided to finance the acquisition and leasing of industrial equipment developed by NIB member country companies to enterprises in the construction sector in India.
Srei Equipment Finance is one of India’s leading construction and mining equipment financiers. The company is also active in other sectors, such as used equipment, rural-, IT- and healthcare infrastructure.
The funds from the programme are earmarked for financing the acquisition and leasing of industrial machinery and equipment developed by NIB member country companies.
Projects to be financed through a financial intermediary must fulfil the sustainability requirements defined in NIB’s Sustainability Policy and Guidelines.