Khaitan & Co advises Orient Cement on loan facilities for 3MTPA Greenfield cement plant

Khaitan & Co has advised Orient Cement in relation to rupee loan facilities of $200m (£118m) — approximately INR1,200 crores — availed from a syndicate of lenders led by State Bank of India.

The loan facilities are for the purpose of financing the development of a 3MTPA Greenfield integrated cement plant along with a 45MW captive power plant at Gulbarga, Karnataka.

A CK Birla Group company, Orient Cement is an independent public limited company operating in the cements sector.

Partner Shishir Mehta and associate partner Kumar Saurabh Singh acted as legal advisers to Orient Cement.