The Firm has advised PTC India Financial Services Limited for the financial assistance of upto INR 300.00 Crores sanctioned to Azure Power India Private Limited (“Company”), for the purpose of incurring initial capital expenditure for implementation and execution of ground-mounted solar power projects currently aggregating to total capacity of 300 MW being implemented by the Company through its SPVs, which may subsequently be utilized on a rotational basis for the implementation and execution of the future projects of the Company.

The scope of work included drafting of financing and security documents conducting due diligence on the Company and project documents and issuing opinions on the legal issues. The team was led by Girish Rawat, Partner along with Amit Prakash, Principal Associate, Srivar Awasthi, Senior Associate and Avlokita Kanwar, Associate.