हिंदी समाचार पढ़े
Expand
O.P. Jindal Global University
 
Home / Law Firm News / Amicus, Khaitan, Trilegal advise RFCL, EIL on Ramagundam’s $181m Mega Revival Project

Amicus, Khaitan, Trilegal advise RFCL, EIL on Ramagundam’s $181m Mega Revival Project

September 27, 2018:

Amicus Law
Amicus Law

Ramagundam Fertilizers & Chemicals, a Telengana-based joint-venture company promoted by NFL, EIL and FCIL, have entered into a shareholders agreement with the HTAS consortium along with GAIL India in relation to a 26% stake acquisition of the total project equity of Rs 1313.57 crores (around $181m) for its fertilizer project in Ramagundam.

The investment saw the consortium of Danish entities being Haldor Topsoe A/S, Investment Fund for Developing Countries (IFU) and Danish Agribusiness Fund acquiring 11.7% stake in the Fertilizer Plant along with Natural Gas processing and distribution company, GAIL India and the State of Telangana acquiring 14.3%.

Partners in Ramagundam Fertilizer Plant have agreed on a shared investment, which is scheduled to begin operation in the Second Quarter of 2019 as first revival projects.

Amicus Advocates advised Ramagundam Fertilizers & Chemicals in drafting of the Shareholders agreement, negotiating & settling with RFCL’s promoters and investors in the transaction, and was led by Partner Madhav Rastogi and Senior Associate Joyeeta Banerjee.

Khaitan & Co acted as the Legal Advisors to Engineers India Limited (EIL) and was represented by Partner Atul Pandey, Principal Associate Abhishek Sanyal and Senior Associate Devesh Pandey.

Trilegal acted for the Danish Consortium of Haldor Topsoe A/S, Investment Fund for Developing Countries (IFU) and Danish Agribusiness Fund.

The firm was led by their Corporate Partner Kunal Chandra and Senior Associate Aditi Jain.

NFL and GAIL were advised by their in-house teams.

Ramagundam Fertilizers & Chemicals is a professionally managed company jointly set up by EIL, NFL and FCIL pursuant to a mandate given to them by the Government of India to revive and operate the defunct fertilizer plant of FCIL at Ramagundam.

The current investment made is one of the largest in a Urea-Manufacturing Plant in the country to promote the production of urea under the New Investment Policy 2012 of the Govt. of India.

Deal Dates : 2018-08-17

This deal report is based on a firm’s press release and may be only partially complete. Some firms or names of advisers may be therefore be missing. If you are or know one of the lawyers who acted on this deal but has not been credited, please leave a comment below (marked not for publication), preferably with your name and email address, and we will update the report.

Source : Legally India

Facebook Comments

 
Related tags :
 

Hindu

Delivery Boy Delivery Boy                    by Satish Hindu

...as an eminent lawyer you ought to know that your action tantamount to, under Section B, sub-section G.VIX, read along with I.P.C. (A) XI (B), notwithstanding...                                        TOI

TOI

TOI

Hindu Hindu

Job Hazards Tax Reforms    by Hindu Tax Reforms by Hindu Demonitisation Diaries 2 Demonitisation Diaries 2  pic by sify Let Justice Be Let Justice Be Hindu

TOI

Alligator vs Litigator Alligator vs Litigator

Hindu

Demonitisation Diaries Demonitisation Diaries                                                       by sify Hindu Hindu [caption id="attachment_97462" align="alignleft" width="524"]Painting India Saffron Painting India Saffron[/caption] Soaring of Oil Prices pic by indiaone TOI [caption id="attachment_97477" align="alignleft" width="621"]UIDAI Leaks UIDAI Leaks[/caption] Hindu

pinterest

Hindu Hindu Missing the Point Missing the Point pic by english blog Four Pillars of Democracy Four Pillars of Democracy             by Satish

TOI

Pic by Hindu Women Empowerment and Sports Women Empowerment and Sports Acheche DIn Acheche Din     pic by sify Hindu Hindu TOI

Hindu

Hindu

America First Walk Your own Talk Humour @ Latest Laws Achhey Din Humour @ Latest Laws: Achhey Din Cartoon Lawyers Bearing the Burden Literally Lawyers Bearing the Burden Literally pic by OMG

Hindu Hindu

Hindu If India takes One Step, we will take Two by Satish If India takes One Step, we will take Two ...................by Satish

Hindu

150425_-_farmers_a_2384764f

Hindu

TOI

Hindu

ALL_1_Theme_01A_24_2383617g

Hindu

Demonitisation Diaries 1 Demonitisation Diaries 1                                  pic by sify   TOI Hindu

Hindu

TOI

State of Affairs Women Safety: State of Affairs             pic by mangal

TOI

TOI

Time to straighten up Time to straighten up                pic by TOI TOI

TOI

State of JudiciaryState of Judiciary by Sandeep Adhwaryu of TOI

IBN IBN

TOI

[caption id="attachment_97474" align="alignleft" width="621"]Donald Trump’s immigration ban Donald Trump’s immigration ban[/caption] [caption id="attachment_97467" align="alignleft" width="621"]Humour with Latest Laws Humour with Latest Laws[/caption] State of Two Nations State of Two Nations               pic by sandeep Auto Driver thrashed for no fault Auto Driver thrashed for no fault,                  source oneindia TOI Belts are for Dogs Belts are for Dogs
 
 
 

Check Also

Juris Prime Law Services

Juris Prime Law Services promotes one freelancer & one of its Principal Associates to partner

February 15, 2019: Juris Prime Law Services, which was spun out of Kochhar & Co in 2015 by Hyderabad head and partner VVSN Raju, has promoted one freelancer and one of its principal associates to partner. Rianna Lobo, a 2005 ...

Leave a Reply

Your email address will not be published. Required fields are marked *