Engineering and construction company Larsen & Toubro Ltd (L&T) said its unit L&T Infrastructure Finance Co Ltd (L&T Infra) received the status of ‘Infrastructure Finance Company’ from the Reserve Bank of India in the overall classification of Non-Banking Finance Company (NBFC).
L&T Infra commenced operation in January 2007 as an NBFC, a part of L&T's Financial Services Group, to finance infrastructure projects, it said in a release.
On Thursday, L&T shares closed 1.8% higher at Rs1,818 on the Bombay Stock Exchange, while the Sensex ended at 1% up at 17,651 points.
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