Krishnamurthy and Co | View firm profile
Krishnamurthy & Co. (K Law) advised HDFC Bank Limited, as the lenders’ legal counsel, in relation to certain project financing facilities granted by HDFC Bank Limited to Shiwalay Infra Khokhra-Mathasur Road Private Limited, a special purpose vehicle set up by Shiwalay Infra Projects Private Limited, for the upgradation of the section of National Highway 58 from single lane/ two lane to two lane with paved shoulder from Ch. Km 0/00 to 56/620 (Design Ch. 0/000to 56/115) from Khokhra Gujarat Border – Vijaynagar – Antarsuba – Mathasur road in the State of Gujarat on hybrid annuity mode basis under a concession agreement with the Ministry of Road Transport & Highways. The project is a part of a larger project to connect Gujarat and Rajasthan and boost tourism and economic activity in the region, and the Central Government sanctioned Rs 699.19 crore for the project under hybrid annuity mode.
Khokhra-Mathasur Road which is a part of National Highway-58 connects Gujarat and Rajasthan and connects Ambaji Temple, Udaipur, Polo Forest and various other archaeological monuments and tourist places, passing through 14 stretches of hilly terrain and forest areas.
K Law structured the financing transaction and was engaged in drafting, negotiating, and finalising all financing and security documents for the project financing transaction. K Law also advised the lender on various legal aspects from time to time.
The transaction was led by Zeeshan Khan (Partner) assisted by Anirban Roy Choudhury (Principal Associate) and supported by a team of associates.
The promoter entity, Shiwalay Infra Projects Private Limited, is a leading infrastructure company engaged in development of a wide array of infrastructure projects. Some of the previous projects developed by the promoter entity includes – Halol Pavagadh highway, Lunawada highway, Bodeli Naswadi highway, Jambuva Bridge, amongst others.