Lenders led by Canara Bank, provided two separate facilities comprising a rupee term loan facility for an amount of ₹2,376 Crore and performance bank guarantee facility amounting to ₹478.43 Crore to Jindal Paradip Port Limited to finance the construction and development of the Western Dock at the Paradip Port, Odisha.
Luthra and Luthra Law Offices India acted for lenders led by Canara Bank in this financing deal.
The transaction team consisted of Karan Mitroo (Partner), Kartikeya Dubey (Partner), Ankita Parasar (Managing Associate), Aditya Bhayal (Associate) and Shantanu Awasthi (Associate).
Jindal Paradip Port Limited is a joint venture constituted by Jindal Steel & Power Ltd. and Jindal Port Private Limited.
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