SREI Infrastructure Finance Limited, a leading infrastructure equipment finance company, is to hold ‘Paison Ki Nilami-2007’, its unique auction of interest rates for financing infrastructure equipment purchase, here.
This would be the eighth auction of its kind since the pilot event was successfully held in Kolkata in November 2004.
Addressing a press conference here, company Executive Director K K Mohanty said Paison Ki Nilami, in its last seven editions spanning nearly three years, had managed to rake in business to the tune of Rs 1,269 crore.
In Chennai, the company expects to do business worth Rs 300 crore, he added.
He said the “innovative concept” heralded a new beginning for customers with another trendsetter in the sector of infrastructure equipment financing at competitive prices and lowest interest rates.
Mohanty said Paison Ki Nilami in the city was specially targeted at customers in Tamil Nadu and Kerala and around 700 bidders were expected to participate in the event, scheduled for today. There would be more than 35 types of equipment with values ranging from Rs 20 lakh to Rs 3.5 crore, he added.
Source: Chennaionline
