L&T plans to raise Rs 12,000 crore through debt

Larsen & Toubro (L&T), a major Indian engineering and construction company, plans to raise ₹12,000 crore through debt. This move is aimed at funding various projects and boosting its business operations. The company is exploring different options for raising these funds. A significant portion may come from bonds in the Indian market. L&T's decision comes as it seeks to strengthen its financial position amid ongoing projects and growth initiatives. L&T has been involved in numerous large-scale infrastructure projects across India. This fundraising effort is seen as essential for maintaining its competitive edge in a challenging market environment. The company is focused on ensuring it has the resources to invest in new opportunities. Investors will be watching closely to see how this debt issuance affects L&T's overall financial health and project timelines.