Shardul Amarchand Mangaldas advises HPCL Rajasthan Refinery on refinancing and working capital financing arrangements

Banking & Finance 26 Oct 2026· ₹8,000 cr · Announced· ◔ Reported

Shardul Amarchand Mangaldas & Co advised HPCL Rajasthan Refinery Limited, a joint venture between Hindustan Petroleum Corporation Limited and the Government of Rajasthan, on multiple financing arrangements supporting its 9 MMTPA greenfield refinery-cum-petrochemical complex in Rajasthan. These included the part refinancing of existing project loans through ₹8,000 crore in rupee term loans from a consortium comprising the National Bank for Financing Infrastructure and Development, India Infrastructure Finance Company Limited, ICICI Bank Limited, UCO Bank and Punjab & Sind Bank; a ₹2,000 crore working capital demand loan from Bank of Baroda; and fund-based and non-fund-based credit facilities…

CounselShardul Amarchand Mangaldas
SectorBFSI
Value₹8,000 cr

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