Categories: National

AIIB extends $50 mn loan to L&T Infra Finance Ltd

Asian Infrastructure Investment Bank (AIIB) has released $50 million loan to L&T Infrastructure Finance Ltd. This is the first tranche of a $100 mn loan to L&T Infrastructure Finance Ltd for funding Renewable Energy projects in the country. This loan has been extended by the Bejing-based multilateral development bank to on-lend to large and mid-scale wind and solar power infra projects in India.

Boost your Banking Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams

A $100 million loan sanctioned by the Asian Infrastructure Investment Bank (AIIB) to the unit of L&T Finance Holdings is AIIB’s first loan to a non-banking financial company (NBFC) in India.

Important takeaways for all competitive exams:

  • Managing Director & CEO of L&T Finance Holdings: Dinanath Dubhashi.
  • President of Asian Infrastructure Investment Bank: Jin Liqun.

Find More National News Here

Recent Posts

Which Country is the Largest Kidney Beans Producer in the World?

Did you know that kidney beans are one of the most widely eaten beans in…

9 hours ago

What is the Capital of Saudi Arabia? Know Everything About It

Did you know that every country has a special city where important decisions are made…

13 hours ago

Project HANUMAN Launched to Address Growing Human Wildlife Conflict

Astep toward wildlife conservation and public safety. The Deputy CM of Andhra Pradesh Pawan Kalyan…

13 hours ago

Jio Platforms Appoints Dan Bailey as President for International Expansion

Jio Platforms Limited has appointed telecom industry veteran Dan Bailey as its new President to…

13 hours ago

Top 10 Most Popular Websites of 2026: Google & YouTube Ruled

The Top 10 most popular websites of 2026 show how the internet continues to evolve…

14 hours ago

Meet Saba Shawl: The First Kashmiri Woman to Head Central Jail Srinagar

Saba Shawl has been appointed as the first Kashmiri woman to head Central Jail Srinagar,…

14 hours ago