This project funds L&T Infrastructure Finance Limited to finance solar energy projects and leverages and shares the International Monetary Fund's expertise in renewable energy to develop project appraisal and risk assessment capabilities.

LTIF is fully owned subsidiary of L&T Finance Holdings (LTFH). LTFH is the financial services holding arm of Larsen and Toubro Limited (L&T). LTFH offers a wide range of financial products and services to various sectors through its subsidiaries. The group’s activities of LTFH are broadly categorized into infrastructure finance (carried out by LTIF), retail/SME finance, corporate finance, asset management, investment management and wealth management. LTFH’s largest shareholder is Larsen and Toubro Limited which is a major global technology, engineering, construction, manufacturing and financial services conglomerate.

There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).

The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.

The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.

Established in 2006, LTIF is an established Non-Banking Finance Company classified as “Infrastructure Finance Company (“IFC”) by Reserve Bank of India, focused on financing of infrastructure projects, covering various sectors. LTIF offers a “one-stop” solution for all infrastructure financing including term loans, quasi equity/debenture subscriptions, non-fund based support, co-promoting projects etc.

LTIF is fully owned subsidiary of L&T Finance Holdings (LTFH). LTFH is the financial services holding arm of Larsen and Toubro Limited (L&T). LTFH offers a wide range of financial products and services to various sectors through its subsidiaries. The group’s activities of LTFH are broadly categorized into infrastructure finance (carried out by LTIF), retail/SME finance, corporate finance, asset management, investment management and wealth management. LTFH’s largest shareholder is Larsen and Toubro Limited which is a major global technology, engineering, construction, manufacturing and financial services conglomerate.

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/