“The company has today allotted 50,000 or 6.35 per cent listed, rated, unsecured, redeemable, non-convertible debentures of Rs 1 lakh each (the NCDs) aggregating to Rs 500 crore,” L&T said in a filing to BSE.
These debentures are linked to the identified sustainability targets and are issued under the Framework for Environment, Social and Governance (ESG) Debt Securities (other than green debt securities) issued by Sebi, the company said.
The NCDs would mature on June 19, 2028, and the interest would be paid on an annual basis.
The said debentures are proposed to be listed on the National Stock Exchange of India Limited (NSE).
Larsen & Toubro has reported a 25 per cent increase in consolidated profit after tax (PAT) to Rs 5,497 crore for the quarter ended on March 31, 2025, supported by higher revenues and an exceptional gain. The company had posted a PAT of Rs 4,396 crore in the year-ago period.
Revenue from operations rose to Rs 74,392.28 crore against Rs 67,078.68 crore a year ago.
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