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L&T Finance Holdings’ arm receives first tranche of $50 million of total $100 million ECB loan
Jul-07-2020
L&T Infrastructure Finance Company (LTIF), the wholly owned subsidiary of L&T Finance Holdings, has received the first tranche of $ 50 million of the total $ 100 million ECB loan from Asian Infrastructure Investment Bank (AIIB), a multilateral development bank that invests in sustainable infrastructure. This development marks AIIB’s first loan to a non-banking financial company (NBFC) in India. 

The loan proceeds will be used to on-lend to large and mid-scale wind and solar power infrastructure projects in India. LTIF’s collaboration with AIIB will also help the company bolster its environmental and social capabilities, which will enable it to tap the international market for green finance, in the future. The proposed financing supports AIIB's Sustainable Energy for Asia Strategy and Strategy on Mobilizing Private Capital for Infrastructure.

L&T Finance Holdings is a financial holding company offering a focused range of financial products and services across rural, housing and infrastructure finance sectors, as well as in mutual fund products, through its wholly-owned subsidiaries.
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