L&T Raises RS 500 Crore via ESG-Linked Debentures to Fund Sustainability Goals
L&T announces Rs 500 crore ESG-linked NCD issuance with 6.35% annual interest, maturing in 2028. Read more on how it’s strengthening sustainable financing.
Mumbai. Engineering and construction giant Larsen & Toubro Limited (L&T) has announced the successful allotment of RS 500 crore worth of non-convertible debentures (NCDs) linked to sustainability goals.
The company issued 50,000 unsecured, rated, redeemable NCDs at RS 1 lakh each, with an interest rate of 6.35% per annum.
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These NCDs are structured under SEBI’s ESG Debt Securities Framework, excluding green debt securities. This reinforces the company’s environmental, social, and governance (ESG) commitments. The instruments will mature on June 19, 2028, with annual interest payments. The debentures will be listed on the National Stock Exchange of India.
This provides institutional investors with a regulated investment option focused on sustainability. “We view this as more than just a capital-raising move,” said a senior spokesperson from L&T. “It reflects our continued push for responsible, transparent growth.” This issuance supports L&T’s broader vision to integrate ESG standards throughout its operations, in line with investor expectations and global benchmarks.
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