Jindal Steel Odisha Limited (JSOL) is an SPV and a wholly owned subsidiary of Jindal Steel & Power Limited (JSPL). JSOL is setting up a 6 MTPA Integrated Steel Plant (ISP) at Angul, Odisha with an estimated project cost aggregating INR 22,468,00,00,000. In relation thereto, JSOL has approached State Bank of India for a syndicated rupee term loan facility for an aggregate amount of INR 15,727,00,00,000.

Gravitas Legal acted as the Borrower’s Legal Counsel to JSOL and assisted in reviewing and finalization of the financing and security documents being entered into between JSOL and State Bank of India.

The team from Gravitas Legal consisted of Tanuj Sud (Partner), Ajay Kumar (Principal Associate), Navroop Bhatia (Senior Associate) and Harshita Ahluwalia (Associate).

Cyril Amarchand and Mangladas acted as the Lender’s Legal Counsel.