Shardul Amarchand Mangaldas & Co. Advised Power Finance Corporation Limited On Its ₹2,716 Crore Financing Of ACME Sigma Urja’s Solar And BESS Project

Shardul Amarchand Mangaldas & Co. advises Power Finance Corporation Limited on its ₹2,716 crore financing of ACME Sigma Urja’s Solar and BESS Project

The leading law firm in India, Shardul Amarchand Mangaldas & Co. acted as legal counsel to Power Finance Corporation Limited in connection with the financing of a large-scale solar photovoltaic power project with a battery energy storage system undertaken by ACME Sigma Urja Private Limited, a special purpose vehicle promoted by ACME Solar Holdings Limited.

The transaction involved the provision of a rupee term loan of ₹2,716 crore by Power Finance Corporation Limited for setting up and implementing a 300 MWAC / 783 MWDC solar photovoltaic project along with a 1,356 MWh Battery Energy Storage System (BESS) in Chittorgarh district, Rajasthan, India.

The financing documents were executed on December 24, 2025, and the loan disbursement was completed on December 30, 2025.

Power Finance Corporation Limited was advised by Shardul Amarchand Mangaldas & Co. as lenders’ counsel, while ACME Sigma Urja Private Limited and ACME Solar Holdings Limited were advised by their in-house legal team.

The Shardul Amarchand Mangaldas transaction team was led by Anurag Dwivedi (Partner) and comprised Prince Singh (Principal Associate), Anuj Singh Chauhan (Senior Associate), and Chaitanya Kashyap (Associate).

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