Larsen and Toubro Infra Finance gets USD 50 million from AIIB for renewable energy funding
NEW DELHI: L&T Infrastructure Finance Company Ltd (LTIFCL) on Tuesday said it has received the first tranche of USD 50 million of the total USD 100-million ECB loan from the Asian Infrastructure Investment Bank (AIIB).
AIIB is 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, said the wholly-owned subsidiary of L&T Finance Holdings Ltd.
