Cyril Amarchand Mangaldas advised State Bank of India (SBI) in relation to financial assistance of INR 15,727 crores proposed to be provided by them to Jindal Steel Odisha Limited (JSOL), a wholly owned subsidiary of Jindal Steel & Power Limited (JSPL). This facility is obtained by JSOL for setting up of the 6 MTPA integrated steel plant situated at Angul, Odisha (the ‘Project’). This is one of the largest project financing transaction undertaken till date in the steel sector.
The Project & Project Finance Practice of Cyril Amarchand Mangaldas advised and assisted SBI on the Transaction. The transaction was led by Amey Pathak,Partner & Co-Head Banking and Finance; Yash Jain, Partner; with support from Arkoday Roy, Principal Associate; along with Soumya Khurana, Associate.
Other Parties and Advisors to the transaction included SBI Capital Markets Limited (Acted as Consultant to SBI).
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 160 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.
