L&T arm proposes to set up infra investment trust

Larsen and Toubro today said its arm L&T IDPL has proposed to set up an infrastructure investment trust.

"Our subsidiary company L&T IDPL (L&T Infrastructure Development Projects Ltd) proposes to establish an infrastructure investment trust in the name of IndInfravit Trust under the provisions of the InvIT Regulations," the engineering conglomerate said in a BSE filing.

In this regard, an application for registration of the InvIT as an infrastructure investment trust was filed by L&T IDPL with Securities and Exchange Board of India (SEBI) yesterday, it said.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with USD 17 billion in revenue. It operates in over 30 countries worldwide.