A consortium of lenders led by Punjab National Bank has extended in a secured working capital facility aggregating to ₹2,150 crore to LCC Projects Limited.

The lender consortium comprised Punjab National Bank, Axis Bank Limited, Bank of Baroda, CSB Bank Limited, Federal Bank Limited, HDFC Bank Limited, IndusInd Bank Limited, Kotak Mahindra Bank Limited, Punjab & Sind Bank, State Bank of India, and Union Bank of India.

Desai & Diwanji advised the consortium of lenders on this financing transaction.

The transaction team consisted of Tushar Dey (Senior Partner), Vishal Mal (Associate Partner), Neha Agarwal (Associate Partner) and Ayush Jain (Associate).

LCC Projects is a leading Indian construction company primarily engaged in government infrastructure development projects and has extensive experience in executing diverse infrastructure projects.

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