Dhir & Dhir Associates Acted As Lender’s Legal Counsel For The Consortium Of Lenders Led By Power Finance Corporation Limited

The Firm has acted as the Lenders’ Legal Counsel to the consortium of lenders, led by Power Finance Corporation Limited for the financial assistance of INR 5,567.20 Million to Orange Anantapur Wind Power Private Limited for part financing the cost of implementing 100 MW Wind Farm Project at District Anantapur, in the state of Andhra Pradesh. The consortium comprised of Indian Renewable Energy Development Agency Limited, India Infrastructure Finance Company Limited and International Finance Corporation.

Girish Rawat, Associate Partner led the Firm’s banking & capital market team on the above transaction. The other team member included Guranpreet Singh Sarna, Sakshi Puliani, Senior Associates, and Shikha Singh, Associate. The scope of work included drafting of financing and security documents, conducting due diligence on the borrower, its promoters and project documents, and issuing opinions on the legal issues.