L&T Infrastructure Finance, a unit of engineering major Larsen & Toubro (L&T), on Thursday said it has received the status of infrastructure finance company from the Reserve Bank of India (RBI) within the overall classification of non-banking finance company (NBFC).
L&T Infra, a part of L&T’s financial services group, started operations in January 2007 as an NBFC. It has achieved cumulative approvals of Rs 17,133 crore and cumulative disbursements of Rs 7,615 crore across energy, transportation, telecommunication and other infra projects.
At 1:00 pm, L&T shares were trading up about 2 per cent at Rs 1,822.50 on Thursday on the Bombay Stock Exchange (BSE) in a firm Mumbai market.
