AZB & Partners and Phoenix Legal advised on Petronet LNG Limited’s INR 12,000 crore financing for its Dahej petrochemical project.
This transaction underscores the critical importance of Liquified Natural Gas and biofuels in the energy mix of India and the ability to act as “clean bridge fuels” as India moves towards its energy transition and security goals.
PLL has availed of this financing for its upcoming PDH-PP (Propane Dehydrogenation-Polypropylene) Plant, including first-of-its-kind ethane and propane handling facilities, as part of augmenting the capacity of its Dahej terminal in Gujrat from 17.5 to 22.5 MMTPA, setting up a new re-gasified LNG terminal at Gopalpur, Odisha and various compressed bio-gas plants to be set up across India.
AZB & Partners assisted State Bank of India led consortium in closing one of its largest financing transactions of ~USD 1.4 Billion with Petronet LNG Limited.
The deal team comprised Senior Partner Anuja Tiwari, Senior Associates Shikhar Thukral and Aman Raj, and Associate Tanishq Khandelwal.
Phoenix Legal acted as legal counsel to Petronet LNG Limited. The Phoenix Legal team advising Petronet LNG Limited comprised Co-Founding Partner Abhishek Saxena, who provided strategic inputs, Partner Harsh Arora who led the transaction team, Associate Partner Aishwarya Samanta, and Associate Sunjoy Chaudhary.
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