Cyril Amarchand Mangaldas represented a consortium of lenders comprising of MUFG Bank, Ltd and Sumitomo Mitsui Banking Corporation, Gift City Branch

CAM represented a consortium of lenders comprising of MUFG Bank, Ltd and Sumitomo Mitsui Banking Corporation, Gift City Branch in providing financing in the form of external commercial borrowing (ECB) facilities and guarantee facilities (and related hedge facilities) to Rajasthan Part I Power Transmission Limited (RPPTL), a wholly owned subsidiary of Adani Energy Solutions Limited (AESL) for part financing the cost of development of a critical HVDC transmission project comprising 6000 MW, 800 kV terminal stations at Bhadla and Fatehpur, interconnecting transformers, HVDC lines between the stations between the stations and, Line in, Line out (LILO) of certain circuits at Fatehpur, in the states of Rajasthan and Uttar Pradesh.

The Transaction team was led by Subhalakshmi Naskar, Partner (Co-Head - Projects (Infrastructure)); Abhishek Khatri, Partner; with support from Rohil Deshpande, Senior Associate; Shlok Shetty, Associate.

About Cyril Amarchand Mangaldas:

Cyril Amarchand Mangaldas (CAM) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm’s generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With over 1200 lawyers including 220 Partners, the Firm is a full-service law firm with offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.

The Firm has been named “Law Firm of the Year 2025” and consistently recognised as “Best Overall Law Firm” by the IBLJ Indian Law Firm Awards. It received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive year in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm also won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.