L&T Infra Debt to raise Rs 25 billion to refinance projects

The L&T Infra Debt Fund (L&T IDF), a refinancing unit, is raising about Rs 25 billion through debentures to provide liquidity for road and renewable energy projects. Rating agency CRISIL has assigned AAA rating for the proposed bond offering, which gives refinance support to operational projects in the road, power, renewable energy, port and airport sectors.