AZB & Partners Advised State Bank of India Led Consortium In USD 1.4 Billion Financing Transaction With Petronet LNG Limited
AZB & Partners Advised State Bank of India Led Consortium in USD 1.4 Billion Financing Transaction with Petronet LNG Limited
The leading law firm in India, AZB & Partners, advised a State Bank of India led consortium in closing one of its largest financing transactions of approximately USD 1.4 billion with Petronet LNG Limited (PLL). The financing will support PLL’s upcoming PDH-PP (Propane Dehydrogenation–Polypropylene) Plant, including first-of-its-kind ethane and propane handling facilities. The project forms part of the expansion of PLL’s Dahej terminal in Gujarat from 17.5 MMTPA to 22.5 MMTPA, the establishment of a new re-gasified LNG terminal at Gopalpur, Odisha, and multiple compressed bio-gas plants across India.
This landmark transaction underscores the critical importance of liquified natural gas and biofuels in India’s energy mix and their role as “clean bridge fuels” as the country advances towards its energy transition and security goals.
The AZB & Partners deal team comprised Anuja Tiwari (Senior Partner), Shikhar Thukral (Senior Associate), Aman Raj (Senior Associate), and Tanishq Khandelwal (Associate).
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