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L&t Finance Arm Gets $100M From Aiib For Green Energy Funding

by moneycontrol.com posted 1week ago 12 views
The loan mobilises private capital from sponsors, other financiers and LTIF#39;s own sources. : The Beijing-headquartered multi-lateral developmental lender Asian Infrastructure Investment Bank (AIIB) July 12 said it will provide $100 million in loans to L&T Infrastructure Finance Company for on-lending to wind and solar power infrastructure projects in the country. This deal with the arm of L&T Finance Holdings marks the bank's first loan to a non-banking finance company. "Our latest project will increase the supply of renewable energy in India by mobilising private capital.