Kochhar & Co. is delighted to announce that we represented GAIL India (a preeminent public sector undertaking owned by the Government of India) on a INR 2 billion financing for part funding the capital expenditure of the Company including on-going & new gas pipeline projects. The transaction also included refinancing of an existing facility provided by SBI to GAIL.
GAIL is the largest state-owned natural gas processing and distribution company in India with revenues of USD 8 billion (approx.). Its key business segments include natural gas, LPG, liquid hydrocarbon, petrochemical, city gas distribution and GAILTEL.
The matter was led by financing partner Parul Verma and supported by associate Swapnil Sant.