L&T Infra eyes 50 per cent growth this fiscal

KOLKATA: L&T Infrastructure Finance Co Ltd is eyeing a disbursal growth of 50 per cent during the current financial year, a company official said.

Last fiscal, the company disbursed Rs 4,500 crore, chief executive of L&T Infra Suneet K Maheshwari said.

Maheshwari said the company Is not looking at any acquisition in specialised NBFC space since organic growth is stupendous.

"We do not need inorganic growth since organically we are growing by 50 per cent," he told reporters here today.

Asked when L&T would enter the banking sector, he said the exact model to be followed for this purpose would become clear in a year or so.

Regarding fund raising, Maheshwari said external commercial borrowings (ECBs) is a viable option. "Fund raising will not be a problem", he said.