India: L&T Green Infrastructure On-Lending Facility (AIIB-000283)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 11, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
L&T Infrastructure Finance Company Limited
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Mar 6, 2020


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Project Description

According to bank documents, "the proposed facility will be used by L&T Infrastructure Finance Limited (LTIF) to finance mid and large scale solar and windpower projects in India."

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
Private Actors
Contact Information

AIIB
Neeraj Jain
Investment Officer
neeraj.jain@aiib.org

Borrower
Sharad Nagar
Head of Treasury
Sharad.Nagar@ltfs.com