Larsen & Toubro Ltd.

Larsen & Toubro (L&T) has received an approval for additional investment of an amount upto Rs 506 crore in L&T Energy Green Tech (LTEGL), existing subsidiary of the Company. The proposed investment upto an amount not exceeding Rs 506 crore, will be made either by subscribing to Equity or Preference shares or by way of Inter Corporate Deposits or company guaranteed debt or a combination of these and will be done at ‘arm's length’.

LTEGL is engaged in the Power sector including non-conventional sources of power. LTEGL will be acting as the holding company for creating a focused entity structure which will house the multiple business portfolios of green energy through step down subsidiaries and joint ventures. The Board of Directors (Board) of the Company at its meeting held on July 25, 2023 has approved the same. 

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.