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Hardayal Prasad is new MD and CEO of Srei Infra Finance

Mr. Prasad is a seasoned senior banker with over 36 years of experience

RBI supersedes board of Srei Infra and Srei Equipment Finance

The Reserve Bank of India on October 4 superseded the Board of Directors of Srei Infra and Srei Equipment Finance Limited, owing to governance concerns and defaults by SREI Group Companies.

RBI supersedes board of Srei Infra and Srei Equipment Finance

The central bank of India has appointed Rajneesh Sharma, the former Chief General Manager at Bank of Baroda, as administrator.

Srei receives EoI for $250 mn capital infusion from international PE funds

Srei Equipment Finance (SEFL) said that it has received expression of interest for up to $250 million capital infusion in the company. The international private equity (PE) funds are US-based Arena Investors LP and Singapore's Makara Capital Partners.

Srei receives EoI for capital infusion from Cerberus

The board of directors of Srei Infrastructure Finance and its wholly-owned subsidiary Srei Equipment Finance held meetings announced that it has further received an expression of interest for capital infusion from Cerberus Global Investments.

Srei Equipment receives EoI for $250 mn capital infusion from international PE funds

The international private equity ("PE") funds are US-based Arena Investors LP and Singapore's Makara Capital Partners.

Srei forms Strategic Coordination Committee for raising fresh capital

The SCC will coordinate, negotiate and conclude discussions with potential strategic and/or private equity investors, to raise fresh capital for the business in consultation with the management.

Srei Equipment Finance, UCO Bank announce strategic alliance

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and UCO Bank, one of India's premier public sector banks, announced a strategic alliance to offer joint loans for purchase of construction and mining, farm and medical equipment under a co-lending arrangement.

Srei Equipment Finance, UCO Bank to co-lend through iQuippo platform

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and UCO Bank, one of India?s premier public sector banks, announced a strategic alliance to offer joint loans for purchase of construction and mining, farm and medical equipment under a co-lending arrangement.

Srei Equipment, United Bank to jointly offer loans

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), partnered United Bank of India to jointly offer loans to MSME sector and retail customers under a co-lending arrangement.

Srei to continue its focus on equipment finance

Srei Infrastructure Finance and its wholly-owned subsidiary Srei Equipment Finance has consolidated the lending business of Srei Infrastructure Finance and Srei Equipment Finance into one entity since the focus for last four years has been on growing equipment financing and reducing the infrastructure loan portfolio.

Srei Equipment Finance and Bank of Baroda in strategic alliance

Srei Equipment Finance (SEFL), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and Bank of Baroda, India?s second largest public sector bank, announced a strategic alliance to offer joint loans for infrastructure equipment under a co-lending arrangement.

Srei to augment infra and equipment finance businesses

Srei Infrastructure Finance announced its decision to augment the capital of both its infrastructure finance and equipment finance businesses, which will facilitate the businesses in maintaining and strengthening their current leadership positions further.

Srei reports steep profit growth in Q1

Srei Infrastructure Finance (Srei) has reported a consolidated profit after tax (PAT) of Rs 139.55 crore during the quarter ended June 30, 2018 as compared to Rs 65.15 crore during the corresponding quarter of 2017.

Srei Q1 net more than doubles

Srei Infrastructure Finance Ltd?s consolidated net profit more than doubled to Rs 51.57 crore during the April-June quarter (Q1) compared to a net profit of Rs 23.32 crore

Srei Q1 net more than doubles to Rs 51 crore

Srei Infrastructure Finance Ltd's consolidated net profit more than doubled to Rs 51.57 crore during the April-June quarter (Q1) compared to a net profit of Rs 23.32 crore posted during the same quarter last year

Srei to raise Rs 600 cr in FY15

Srei Infrastructure Finance plans to raise Rs 600 crore in FY15 through retail bonds. In the first round, bonds will be raised for up to Rs 75 crore with an option to retain over-subscription up to Rs 75 crore.

Srei raises lending rate

Srei Infrastructure Finance announced a hike in its benchmark rate by 50 basis points from 17.50 per cent to 18 per cent per annum effective from September 2013.

ECB proposal for funding local construction equipments

Agency reports suggest that some NBFC-AFCs (asset financing companies) want Reserve Bank of India (RBI) to allow External Commercial Borrowing (ECB) norms for funding domestically manufactured construction equipment. Recently, the central bank allowed NBFC-AFCs to avail ECBs for funding only imported equipments

Srei Equip Finance gets Rs 200 cr

Srei Infrastructure Finance and BNP Paribas have invested close to Rs 200-crore worth equity in their joint venture (50:50) company Srei Equipment Finance.

Srei profits soar

Srei Infrastructure Finance has recorded a 219 percent growth in its consolidated profit before tax (PBT) during the quarter ended September 30,2012 to Rs 158.07 crore as compared to Rs 49.53 crore same quarter last fiscal.The consolidated total income for the quarter was Rs 788 crore as compared to Rs 588 crore in the corresponding period of the previous fiscal year.

Srei Equip Finance gets Rs 200 cr

Srei Infrastructure Finance and BNP Paribas have invested close to Rs 200-crore worth equity in their joint venture (50:50) company Srei Equipment Finance.

Srei Equipment Finance to go public

Srei Equipment Finance will convert itself into a public limited firm as it will help the construction equipment finance firm tap funds from retail investors, said DK Vyas, Chief Executive Officer, Srei Equipment Finance. Converting into a public com?pany will help the firm to tap sources like non-convertible debentures, and corporate bonds which will widen its funding base, according to Vyas.

Machine Bank for construction sector

A platform to provide advisory services and facilitate transactions for the construction sector, has been created with the support of Quippo Construction Equipment.

Srei Infrastructure partners ISB

Srei Infrastructure Finance has partnered with Indian School of Business (ISB) to carry forward a one of a kind, industry-academia association which is aimed at building future leaders who

Srei Infrastructure business grows 49%

Srei Infrastructure Finance consolidated disbursement during the last financial year 2011-12 has been Rs 18,600 crore as against Rs 12,497 crore in the previous year, recording a growth of 49 per cent.

On a momentous growth

The government?s commitment to complete 7,300 km of roads in 2012-13 basically translates to a demand for approximately 39 crore tonne of aggregate. And if we calculate using the example of a 200-tph plant which produces approximately 600,000 tonne per annum,

Budget Quotes

The Budget 2012-13 aims at sprucing up the country?s infrastructure and readying it for higher growth. Stalwarts from the construction equipment industry respond to the budget.

Srei registers 75% growth

Srei Infrastructure Finance has recorded a 65 percent rise in its consolidated total income and 31 percent growth in its consolidated disbursement during the quarter ended September, 2011 to Rs 588 crore and Rs 4,401 crore respectively as compared to same quarter performance last fiscal.

Quippo Construction is all poised for a phenomenal growth through expansion

The strength of QCEL lies in its pan India presence and also being the only infrastructure equipment bank having wide range of equipment, catering to both construction as well as industrial applications. It has seven equipment hubs with another 28 spokes attached to these hubs,? says HS Bhattacharjya, Chief Executive Officer, Quippo Construction Equipment and Quippo Valuers & Auctioneers. 1 - - 21564 14 98 2011-11-01 00:00:00.000 Equipment India Terex Corporation: Expanding Horizons Terex Corporation is focused on delivering customer driven solutions for a wide range of commercial applications, including for  the construction, infrastructure, quarrying, mining, shipping, transportation, power and energy industries.

Terex Corporation is a diversified global equipment manufacturer of a variety of machinery products.The company is focused on delivering customer driven solutions for a wide range of commercial applications, including the construction, infrastructure, quarrying, mining, shipping, transportation, power and energy industries. Terex operates in four business segments: aerial work products, construction, cranes, and material processing.The company Terex recently acquired Demag Cranes which is headquartered in Dusseldorf, Germany and is a leading provider of industrial cranes, crane components, harbor cranes and port automation technology. Demag Cranes' business is highly complementary to the existing Terex business, and the combination has compelling industrial logic. The combined entity would have had total revenues of close to $7 billion end of 2011 with a strong footprint in Europe and emerging markets, especially in China. Terex now employs approximately 22,000 team members in more than 50 manufacturing facilities in North and South America, Europe, Asia, and Australia. Terex products are sold worldwide primarily under the Terex?, Genie?, and Powerscreen? brands.

Terex in India manufactures backhoe loaders, skid steer loaders and materials processing equipment in their facilities at Noida and Hosur.Some of the indigenously built machines are exported to other Asian, African and Middle Eastern countries.Terex currently imports cranes, port equipment and aerial work platforms for serving the Indian market.
 
Aerial work Platforms:The aerial work platforms (AWP) segment designs, manufactures, refurbishes and markets aerial work platform equipment and utility aerial devices that are used to lift personnel and material to height. They are a productivity and safety tool that make workers more efficient by quickly and safely allowing them to work and maneuver above the ground. Aerial Work Platform products are primarily marketed under the Terex? and Genie? brands.

Construction: The construction segment designs, manufactures and markets three primary categories of construction equipment including heavy construction equipment; compact construction equipment; and road building equipment. Construction products are marketed primarily under the Terex? brand.

Cranes: The cranes segment designs, manufactures, services and markets a diverse variety of cranes including mobile hydraulic cranes, tower cranes, and specialised cranes for port and rail applications.Crane products are marketed primarily under the Terex? brand.

Material processing: The material processing segment designs, manufactures and markets materials processing equipment that is used to crush rock to smaller sizes/shapes, called aggregate. Screening and washing products are then used to sort and clean this aggregate.Materials processing products are marketed primarily under the Terex? and Powerscreen? brands.

The combined entity would have had total revenues of close to $7 billion end of 2011 with a strong footprint in Europe and emerging markets, especially in China.

Srei registers growth of 59%

Srei Infrastructure Fina?nce has registered an increase of 59 per cent in its consolidated disbur?sement at Rs 5,148 crore during the quarter ended 30 June 2011 as compared to Rs 3,243 crore disbursed during the corre?sponding quarter last fiscal.

Srei registers 59% growth

Srei Infrastructure Finance has registered an increase of 59 per cent in its consolidated disbursement at Rs 5,148 crore during quarter ended June 30, 2011 as compared to Rs 3,243 crore disbursed during the corresponding quarter last fiscal.

Srei Infra posts growth in profit

Srei Infrastructure Finance recorded a growth of 33 per cent in its profit before tax to Rs 289 crore in 2010-11 from Rs 218 crore during last fiscal.

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