Adani Capital lends Rs 100 crore to BSCPL Infrastructure

21 Dec 2017 Editorial Team

Adani Capital provides funding of Rs 100 crore to BSCPL Infrastructure.
BSCPL Infrastructure is a Hyderabad-based company, focussed primarily on the road sector.

Adani Capital, the non-banking financial company (NBFC) arm of Adani Group, a global integrated infrastructure conglomerate, has made a structured investment of Rs 100 crore into BSCPL Infrastructure.

BSCPL Infrastructure is a Hyderabad-based EPC and development infrastructure companies focussed primarily on the road sector. 鈥淲e have worked along with BSCPL to structure a solution that met their immediate and medium term requirements. Part of the funding would be retired out from the proceeds of a BOT asset sale which shall consummate post the completion of the project,鈥� says Shamod Madanmohan, Executive Director, Adani Capital.

鈥淭he funding from Adani Capital has come in at an appropriate time, has aided in streamlining company鈥檚 operations, and has smoothened execution of the under construction projects. We look forward to build a long term partnership with Adani Capital,鈥� says Krishnaiah, Chairman, BSCPL Infrastructure.

Adani Capital, founded in 2016, marked Adani Group鈥檚 foray into the financial services business with a focus on wholesale and retail & rural financing. The firm has also initiated roll out of retail branch network in Gujarat, Maharashtra, Rajasthan and Madhya Pradesh.

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