New Delhi, November 16, 2020: The India's leading Law Firm Kochhar & Co. advises Sterlite Power (India's leading power transmission infrastructure company) on a Rs. 20.7 Billion (Rupees Twenty Point Seven Billion) financing of its newest power transmission SPV, Vapi II North Lakhimpur Transmission Limited (VNLTL).

VNLTL, with a mandate to execute and strengthen India's largest interstate power transmission system project, is transformative in its green potential as it will supply solar, nuclear and hydro power to the western and north-eastern regions of India.

Moreover, the transmission project will augment and decongest the Navi Mumbai Industrial Corridor in the State of Maharashtra, and is thus a critical infrastructural addition to the State.

Sterlite Power secured the entire debt funding for VNLTL from Power Finance Corporation, which is India's nodal pubic sector power financing company. That the transaction closed in a record period (despite enormous market headwinds and challenges) owing to the Sponsor's indisputable pedigree, and thorough, focused and commercially astute advice and negotiation from Kochhar & Co. as borrower's counsel. Senior Partner, Pradeep Ratnam, Partner Parul Verma and their team acted for Sterlite Power on this deal.

ABOUT THE FIRM:

Kochhar & Co. is a reputable, skilled and professionally managed full-service law firm in India, with offices in New Delhi and Pune. It offers end-to-end services in the fields of corporate law and intellectual property and has been consistently recognised as one of India's leading law firms.

News Courtesy:PIB | Hindu| DC | LE | LI | LO | IE | LL | PTI |ht | ET | UNI | DNA | FP | Jurist |IndToday|

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