JSA advised a consortium of 12 lenders led by the State Bank of India that provided a INR189 billion (USD2.5 billion) secured rupee term loan facility to Numaligarh Refinery, a subsidiary of Oil India.
The deal was signed on 30 December 2021. JSA’s team was led by partner Dina Wadia and included partner Soumitra Majumdar and senior associate Abhay Agarwal.
The loan will help finance an integrated refinery capacity expansion project at Numaligarh Refinery, which is located in Assam state.
