InVTs see record fundraising at Rs 53,000 in 2019
Private funding of infrastructure has surged to a record this year, with infrastructure trusts (InVTs) paving the way for long-term financing of bridges, roads or ports since banks are less keen to lend to these long-gestation and capital-intensive assets.
The likes of Reliance Industries, IRBNSE -1.54 % Infrastructure, India Grid Trust and Oriental Infratrust have collectively raised Rs 53,291 crore this year, showed data compiled by Bajaj Consultants, a Mumbai-based firm engaged in InVT advisory. In 2018, companies raised an estimated Rs 1,500 crore via InVTs.
