Larsen & Toubro Raises Rs 500 Crore Via India’s First SEBI-Listed ESG Bond Deal

Larsen & Toubro (L&T) will raise Rs 500 crore through India’s first listed ESG bond issuance under the Securities and Exchange Board of India’s (SEBI) new ESG and sustainability-linked bond framework.

HSBC is the sole lead arranger for the deal. The issuance follows SEBI’s framework announced on June 5, 2025, which sets requirements for sustainability disclosure, external assessments, and post-issuance reporting. L&T commits to reducing freshwater withdrawal intensity and greenhouse gas emissions, targeting water neutrality by 2035 and carbon neutrality by 2040. The bond supports India’s net-zero and climate-resilient growth agenda. HSBC India said the partnership reinforces its commitment to supporting the clean energy transition and helping corporates meet sustainability goals.