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India's US$33b cost overruns spur Srei to scout for deals

Delayed projects prompt firm to look for distressed investment opportunities

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Published Thu, Apr 9, 2015 · 09:50 PM

New Delhi

INDIA'S delayed road and power projects are prompting Srei Infrastructure Finance Ltd to scout for distressed investment opportunities.

About US$392 billion of infrastructure projects - more than the size of Thailand's economy - were stalled as of early March, government data show. As banks tackle bad debts and balk at funding cost overruns, Srei is looking to step in.

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