Venture Intelligence (TSJ Media Pvt. Ltd.)
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L&T closes $107-M sustainability-linked loan with Japan's SMBC
EPC major Larsen & Toubro Ltd has closed a three-year USD 107 million sustainability-linked loan (SLL) from Sumitomo Mitsui Banking Corporation (SMBC). The facility incorporates interest rate reductions linked to the achievement of two of L&T's pre-determined sustainability targets – reduction of greenhouse gas emission intensity and water consumption intensity against the target levels. DNV Business Assurance Singapore Pte. Ltd. provided second party opinion on L&T's SLL.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.