Larsen & Toubro (L&T) has listed India’s first ESG bonds on the National Stock Exchange (NSE), setting a precedent for a greener and more sustainable financial future in India. The company has raised Rs 500 crore through Non-Convertible Debentures (NCD) at a coupon rate of 6.35% under the Securities and Exchange Board of India’s (SEBI) newly introduced ESG and sustainability-linked bond framework.
The NCDs, having a three-year maturity period, will mature on June 19, 2028, and the interest would be paid on an annual basis. Issued in partnership with HSBC, who served as the sole lead arranger, this landmark transaction adheres strictly to SEBI’s regulatory guidelines introduced on June 5, 2025, aimed at enhancing transparency and accountability among bond issuers. The framework mandates key disclosures, including sustainability objectives, external evaluations such as second-party opinions (SPOs), and continuous post issuance reporting, with clear Key Performance Indicators (KPIs) to measure ESG impact.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4143.95 |
| Kalpataru Projects | 1369.95 |
| Rail Vikas Nigam | 235.95 |
| NCC | 148.10 |
| KEC International | 521.40 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: