Larsen & Toubro Ltd., founded in 1938 and headquartered in Mumbai, India, is a leading multinational engaged in technology, engineering, construction, manufacturing, and financial services. The company is known for its diverse portfolio that includes infrastructure development, defense, and heavy engineering, making it a pivotal player in India's growth story.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Larsen & Toubro has a notable history in bond issuance, having entered the market in the early 2000s to fund its extensive infrastructure projects. In 2019, they issued bonds worth ₹2,500 crore to strengthen their balance sheet and support new ventures, showcasing their commitment to financial stability. Currently, their bonds yield around 6.5%, which is competitive in comparison to industry averages, reflecting investor confidence. In 2022, L&T launched a green bond initiative to finance sustainable projects, marking a significant step towards their environmental goals.