Srei Infrastructure Finance to acquire Jharkhand power project: Report

Srei Infrastructure Finance is reportedly planning to acquire Abhijeet Group’s 1,080 megawatt (MW) Jharkhand power project, valued at around Rs.9,000 crore. In a separate development, the Reserve Bank of India (RBI) had earlier authorized company to set up White Label ATMs (WLAs) in the country. SREI Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e-Village.