A consortium of financial institutions led by Punjab National Bank has granted a secured working capital facility totaling ₹2,150 crore to LCC Projects Limited. This substantial financing effort involved the collaboration of several significant banks, including Axis Bank Limited, Bank of Baroda, CSB Bank Limited, Federal Bank Limited, HDFC Bank Limited, IndusInd Bank Limited, Kotak Mahindra Bank Limited, Punjab & Sind Bank, State Bank of India, and Union Bank of India.
The legal advisory for this transaction was provided by the esteemed law firm Desai & Diwanji. Their team, composed of Tushar Dey (Senior Partner), Vishal Mal (Associate Partner), Neha Agarwal (Associate Partner), and Ayush Jain (Associate), played a pivotal role in guiding the consortium through the complexities of this financial arrangement.
LCC Projects Limited is a prominent player in the Indian construction sector, primarily focused on government infrastructure projects. The company has built a reputation for its expertise in executing a wide array of infrastructure developments, which underlines the strategic importance of this financing deal.
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