L&T Finance Holdings becomes first NBFC to get $100 million loan from AIIB for Green Energy Funding
The L&T Infrastructure Finance Company Limited (LTIF) has become the first Non-Banking Finance Company (NBFC) to get $100 million loan from Asian Infrastructure Investment Bank (AIIB) for on-lending to wind and solar power infrastructure projects in India. LTIF is a subsidiary of L&T Finance Holdings Ltd and a leading non-bank financier of renewable energy in India. The loan mobilises private capital from sponsors, other financiers and LTIF’s own sources. India is committed to reducing its carbon intensity by 30-35% of the 2005 levels by 2030 under the Paris agreement.