L&T infra receives infra finance company status
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PORTS & SHIPPING

L&T infra receives infra finance company status

02 Aug 2010 CW Team

Larsen & Toubro Infrastructure Finance Company has received the status of ‘Infrastructure Finance Company’ from the RBI, within the overall classification of NBFC. This will aid L&T infra, a subsidiary of engineering and construction major Larsen and Toubro (L&T), to mobilise funds at cheaper rates and provide more flexibility in its lending to infrastructure projects.

Larsen & Toubro Infrastructure Finance Company has received the status of ‘Infrastructure Finance Company’ from the RBI, within the overall classification of NBFC. This will aid L&T infra, a subsidiary of engineering and construction major Larsen and Toubro (L&T), to mobilise funds at cheaper rates and provide more flexibility in its lending to infrastructure projects.

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