Does Altera have any function like SRL16E of xilinx

The Stratix III chips have "MLAB" mode which converts whole LABs into small memories. It uses the LUT mask bits for storage similar to the SRL16. It does not have built in shift wiring. Many shift registers can be shoe horned into the MLAB with a little external registering / logic. The MLAB method is more efficient in silicon. Personally I'd rather pay a little more for my chips and have a vanilla shift register.