Cyril Amarchand Mangaldas advised Canara Bank in relation to a rupee term loan facility of up to Rs. 3697.36 Crores extended to Ratle Hydroelectric Power Corporation Limited. The facility is proposed to be utilised towards part-financing the estimated project cost for the development, construction and operation of the 850 MW Ratle run-of-the-river hydroelectric project on the Chenab River, near Drabshala village, Kishtwar District, Union Territory of Jammu & Kashmir.
Given the location of the project in the Union Territory of Jammu & Kashmir, the transaction carries significant strategic importance. The project is expected to advance India’s energy security objectives, while also reflecting the government’s broader push for infrastructure development in the region, making it a project of both economic and geopolitical strategic significance.
The transaction team was led by Amey Pathak, Partner (Head – Banking); and Pururaj Bhar, Partner; with support from Ayush Chowdhury, Principal Associate; and Utkarshini Anand, Associate.
