Kolkata, Sep 4 - The state-owned India Infrastructure Finance Co Ltd (IIFCL) will raise Rs.3,000 crore from the domestic market by issuing bonds by March, a top company official said here Friday.

'We have already raised Rs.1,000 crore and we intend to raise another Rs.3,000 crore by March 2010,' said company chairman and managing director S.S. Kohli on the sidelines of a banking conference organised by the Confederation of Indian Industry (CII).

IIFCL was established in January 2006 as a company wholly owned by the government and commenced its operations from April 2006. It gives long-term financial assistance to infrastructure projects including roads, railways, seaports, airports and inland waterways.

The company has till date done a total disbursement of Rs.6,300 crore and plans to take it to Rs.10,500-Rs.11,000 crore by the end of the current fiscal, Kohli said.

In the first four months of 2009-10 it has disbursed Rs.1,500 crore.