Overview

L&T Infrastructure Development Projects Limited (L&T IDPL) is a pioneer of the Public-Private-Partnership (PPP) model of development in India, which involves the development of infrastructure projects by private sector players in partnership with the Central and State Governments.

L&T IDPL is a subsidiary of Larsen & Toubro, which is a major Indian multinational in technology, engineering, construction, manufacturing and financial services, with global operations.

L&T IDPL has acquired concessions through a competitive bidding process, for the development of roads, bridges, Hyderabad Metro Rail and the Kudgi Power Transmission Line project in Karnataka.

Since it's inception in 1995, L&T IDPL has completed landmark infrastructure projects across key sectors like Roads, Bridges, Ports, Airports,Water Supply, Hydel Energy and Urban Infrastructure.

It is one of India's largest road developers as measured by lane kilometers under concession agreements signed with the Central and State Government authorities.

Two decades of extensive experience in working with governments, multi-lateral agencies, international and domestic financial institutions and corporate entities has helped L&T IDPL to develop proven competencies in Viability Assessment, Financial Closure, Project Management, Operations & Maintenance and Portfolio Management of Infrastructure Assets across various sectors.

In addition to it’s project portfolio, L&T IDPL has installed Wind Energy Generators (WEGs) with a capacity of 8.7 MW in Udumalpet and Tirunelveli districts of Tamil Nadu in March 2010. The energy generated is utilized for captive consumption.The WEGs are eligible for 16,128 Carbon Emission Reduction (CER) certificates per year until 2022 as a result of the carbon reduction by these wind generators.

Canada Pension Plan Investment Board (CPPIB) made substantial financial investments in L&T IDPL in two investment tranches - the first investment  tranche was made in December 2014 and subsequently the second tranche was made in December 2015. This is the first direct private investment by a Canadian pension fund into an Indian Infrastructure Development company.

CPPIB is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, New York City and São Paulo, CPPIB is governed and managed independently of the Canada Pension Plan.