RBI bestows Infra NBFC status to L&T Infra

Written by: Samyuktha
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Mumbai, Jul 8: Reserve Bank of India has bestowed the status of 'Infrastructure Finance Company' to L&T Infrastructure Finance Company, Larsen & Toubro (L&T) said in a statement on Thursday, Jul 8.

L&T Infrastructure Finance Company or L&T Infra, a subsidiary of L&T, began functioning in Jan 2007 as an NBFC, a part of L&T's Financial Services Group, to finance infrastructure projects.

L&T Infra quickly achieved cumulative approvals of Rs 17,133 crores and cumulative disbursements of Rs 7,615 crores across Energy, Transportation, Telecommunication and other Infra sectors.

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