L&T Infrastructure Finance Company Limited (“L&T Infra Finance”) has funded Bajaj Energy Private Limited (“BEPL”), one of the group companies of the Shishir Bajaj Group engaged in the power sector.
L&T Infra Finance has agreed to extend a term loan facility of Rs. 100 crores to BEPL for the purposes of downstream capital expenditure/investment and for meeting obligations related to its role as a sponsor of Lalitpur Power Generation Company Limited (“LPGCL”) which is engaged in the implementation of the 1980 MW super critical thermal power project in District Lalitpur, Uttar Pradesh.
BEPL is engaged in the business of generation of power and is itself implementing a 450MW thermal power project in 5 separate locations in the state of Uttar Pradesh.
Khaitan Sud & Partners (KSP) acted as Lender’s Legal Counsel engaged by L&T Infra Finance. The scope of work involved preparation of relevant financing documents and detailed negotiations with L&T Infra Finance.
The KSP team was led by Principal Associate Sujeet Das assisted by Associates Henna Vadhera and Sudhanshu Goil.
BEPL was represented on the transaction by its in-house finance and secretarial teams.
The transaction closed on December 30, 2013.
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