Canara Bank 
Dealstreet

Luthra advises Canara Bank on financing of Jindal Paradip Port

Lenders led by Canara Bank provided a rupee term loan facility and a performance bank guarantee facility to Jindal Paradip Port.

Bar & Bench

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).

Karan Mitroo, Kartikeya Dubey

Jindal Paradip Port Limited is a joint venture constituted by Jindal Steel & Power Ltd. and Jindal Port Private Limited.

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