Engineering major Larsen & Toubro is exploring an option to raise between Rs 2,000 crore - Rs 2,500 crore by clubbing operational road projects of its infrastructure development arm L&T IDPL into a separate entity which could be listed overseas through a business trust model. This proposal was separately mooted by a European as well as a Japanese bank to the company. This new idea is based on the increasing popularity of the model amongst global financial investors who are scouting for high qual
Leading infrastructure companies such as L&T IDPL, Gammon Infra, IL&FS Transportation, GMR Infra and CAF South Africa are eyeing the Rs 21,147 crore Mumbai elevated rail corridor project. The railways seeks to implement the the 60 km corridor project on the PPP model.
For two of its road projects in Maharashtra, L&T Infrastructure Development Projects (L&T IDPL), a subsidiary of Larsen & Toubro Ltd, and one of the pioneers in infrastructure development in India, has achieved financial closure on November 30.