L&T Infrastructure Finance to provide Rs 518 crore loan to AG&P for city gas projects
L&T Infrastructure Finance Co Ltd will provide Rs 518 crore term loan to Singapore-based gas major AG&P Group’s Indian arm for developing city gas networks in Rajasthan and Tamil Nadu. AG&P is the largest foreign player in the city gas distribution business after it won licenses to retail compressed natural gas to automobiles and piped cooking gas to households in 12 cities in Andhra Pradesh, Karnataka, Kerala, Rajasthan and Tamil Nadu.
“AGP CGD India Pvt Ltd (AG&P CGD), a subsidiary of Singapore-based AG&P Group – the global downstream gas and LNG logistics company, has entered into a Rs 518 cr term loan agreement with L&T Infrastructure Finance Company Ltd, a subsidiary of L&T Finance Holdings,” a company statement said.
