April 24, 2025
Shardul Amarchand Mangaldas & Co. advised HDFC Bank Limited in connection with term loan facility of INR 557 Crores granted to Agrawal Metal Works Private Limited, in relation to setting-up and implementing a greenfield project at Bhagapura, Gujarat for manufacturing flat rolled products of copper and copper-based alloys. The deal was signed on 28 February 2025.
This is one of the few large-scale financings undertaken for a metal works project which is being implemented with a capacity of 3100 TPM, in the State of Gujarat.
The transaction team was led by Anurag Dwivedi, Partner; Shruti Paras, Principal Associate; and Amitanshu Saxena, Associate.
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