Larsen & Toubro Secures Rs 500 Crore by Unsecured Debentures linked to Sustainability Objectives, ETCFO
New Delhi, Infrastructure main Larsen & Toubro (L&T) on Thursday stated it has raised Rs 500 crore by debentures.
“The corporate has in the present day allotted 50,000 or 6.35 per cent listed, rated, unsecured, redeemable, non-convertible debentures of Rs 1 lakh every (the NCDs) aggregating to Rs 500 crore,” L&T stated in a submitting to BSE.
These debentures are linked to the recognized sustainability targets and are issued beneath the Framework for Atmosphere, Social and Governance (ESG) Debt Securities (apart from inexperienced debt securities) issued by Sebi, the corporate stated.
The NCDs would mature on June 19, 2028, and the curiosity could be paid on an annual foundation.
The stated debentures are proposed to be listed on the Nationwide Inventory Trade of India Restricted (NSE).
Larsen & Toubro has reported a 25 per cent enhance in consolidated revenue after tax (PAT) to Rs 5,497 crore for the quarter ended on March 31, 2025, supported by increased revenues and an distinctive acquire.
The corporate had posted a PAT of Rs 4,396 crore within the year-ago interval.
Income from operations rose to Rs 74,392.28 crore towards Rs 67,078.68 crore a yr in the past. PTI>
