Larsen & Toubro Limited

Larsen & Toubro Limited is an Indian company in the manufacturing industry with 3 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 6.35% to 7.2% a year. Maturity dates run from 19 Jun 2028 to 22 Jan 2035. NSDL records 0 of the 3 whose terms it holds as secured. Latest credit ratings on record: India Ratings AAA (Stable) (action dated 1 Sep 2026); CRISIL AAA (Stable) (action dated 2 Jul 2024). Verify current terms against the official documents linked on this page.

Data as of 14 Nov 2026 (snapshot 20261114-2051) · How this page is compiled

Issuer overview

Legal name
Larsen and Toubro Limited
CIN
L99999MH1946PLC004768
LEI
3358003FR3JIC5FRXA90
Industry
Manufacturing
Business
Diversified
Ownership
Non PSU
ISIN issuer code
INE018A
Outstanding bonds (ISINs)
3 (plus 1 matured)
Stated coupons (fixed rate)
6.35% – 7.2%
Maturity dates
19 Jun 2028 – 22 Jan 2035
Secured (NSDL)
0 of 3
Combined issue size of outstanding bonds
₹6,000 crore
Traded on
NSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Larsen & Toubro bonds: ISIN, coupon and maturity

3 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE018A08BN0 NCD 6.35% Yearly 19 Jun 2025 19 Jun 2028 ₹1,00,000 500 Unsecured None recorded NSE CRISIL AAA 2 Jul 2024
INE018A08BL4 NCD 7.19% Yearly 5 Dec 2024 5 Dec 2034 ₹1,00,000 1,500 Unsecured None recorded NSE CRISIL AAA 2 Jul 2024
INE018A08BM2 NCD 7.2% Yearly 22 Jan 2025 22 Jan 2035 ₹1,00,000 4,000 Unsecured None recorded NSE CRISIL AAA 2 Jul 2024
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.

Larsen & Toubro credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
India Ratings AAA Stable Reaffirm 1 Sep 2026 2 Checked 7 Nov 2026
CRISIL AAA Stable New 2 Jul 2024 3 Verified by NSDL · Over 12 months old · Checked 7 Nov 2026
Rating history
Date Agency Rating Outlook Action
1 Sep 2026 India Ratings AAA Stable Reaffirm
10 Dec 2025 India Ratings AAA Stable Reaffirm
15 Jan 2025 India Ratings AAA Stable Reaffirm
27 Nov 2024 India Ratings AAA Stable New
2 Jul 2024 CRISIL AAA Stable New

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: CRISIL, India Ratings

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
6 May 2020 INE018A08BB5 6 May 2024 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Larsen & Toubro bonds: questions and answers

What bonds has Larsen & Toubro Limited issued?

Larsen & Toubro Limited has 3 outstanding bonds recorded on this page. By type, as described by NSDL: 3 NCDs. One further ISIN on record has passed its maturity date and is not counted as outstanding.

What are the ISINs of Larsen & Toubro Limited bonds?

Its 3 outstanding bonds each have their own ISIN, for example INE018A08BN0, INE018A08BL4, INE018A08BM2. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE018A.

What coupon rates do Larsen & Toubro Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 6.35% to 7.2% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Larsen & Toubro Limited bonds mature?

Its outstanding bonds have maturity dates from 19 Jun 2028 to 22 Jan 2035. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Larsen & Toubro Limited bonds?

NSDL India Bond Info records India Ratings AAA (Stable) (action dated 1 Sep 2026); CRISIL AAA (Stable) (action dated 2 Jul 2024) on its outstanding bonds. Checked on NSDL on 7 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Larsen & Toubro Limited bonds secured, unsecured or guaranteed?

NSDL records 0 of the 3 outstanding bonds whose terms it holds as secured and 3 as unsecured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Where can investors find the original disclosure documents for Larsen & Toubro Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Larsen & Toubro Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on NSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Sources and dates

Data as of 14 Nov 2026 (snapshot 20261114-2051). Facts on this page last changed on 28 Oct 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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