Larsen & Toubro Ltd.

Engineering conglomerate Larsen & Toubro’s (L&T) subsidiary, L&T Infrastructure Finance is setting up Rs 300-crore infrastructure debt fund. The proposed infrastructure debt fund will invest in public-private-partnership projects that have completed at least one year of commercial operations. Further, any kind of investment in the projects will be only by way of debt. The fund, however, is awaiting regulatory approvals and is expected to become operational in the first half of 2013-14.

L&T Infrastructure Finance Company is in the business of providing financial products and services to its customers engaged in infrastructure development and construction, with a focus on power, roads, telecommunications, oil and gas and ports sectors in India.