Larsen & Toubro board approves Rs 12,000 cr borrowing proposal

New Delhi: Larsen & Toubro (L&T) on Friday said its board has approved a borrowing proposal of Rs 12,000 crore.

The board at its meeting also approved the appointment of Subramanian Sarma, Whole-time Director & President, Energy as the Deputy Managing Director & President of the Company with effect from April 2, 2025 to February 3, 2028.

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"The Board of Directors has approved Long term borrowings of upto Rs 12,000 crore, including through external commercial borrowings, term loans, non-convertible debentures or any other instrument as may be appropriate," L&T said in an exchange filing.

The board also approved re-appointment of S. V. Desai as Whole-time Director of the company with effect from July 11, 2025 to July 4, 2030. It further approved re-appointment of T. Madhava Das as Whole-time Director of the company for a term of five years with effect from July 11, 2025.

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