HomeLaw firmsDeals and TransactionsLuthra Advises Assam Bio-Refinery on Raising Term Loan of INR 3037 crores...

Law firms Deals and Transactions

Luthra Advises Assam Bio-Refinery on Raising Term Loan of INR 3037 crores from Power Finance Corp

May 19, 2024

Luthra Advises Assam Bio-Refinery on Raising Term Loan from Power Finance Corp Leading to Successful Fundraising for 2G Bioethanol Plant in Assam

Assam Bio-Refinery Private Limited (a joint venture between Numaligarh Refinery Limited, Fortum 3 B.V., Netherlands, and Chempolis OY, Finland) has successfully raised a term loan of ₹3,037.50 Crore from Power Finance Corporation Limited.

Assam Bio-Refinery, focused on 2G Bioethanol production and other products in Numaligarh, Assam, secured this significant funding for its Bio-Refinery plant.

Luthra and Luthra Law Offices India provided legal counsel to Assam Bio-Refinery on this transaction. The advisory team included Girish Rawat (Partner), Varun Chauhan (Managing Associate), and Garima Upadhyay (Associate).

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