Tata Capital extends $56.4M loan to steelmaker Jayaswal Neco
What's the deal? Tata Capital LimitedDealroom has a profile for this one. Try Dealroom → has sanctioned a US$73.3M secured rupee term loan to Jayaswal Neco Industries LimitedDealroom has a profile for this one. Try Dealroom →. Law firm Shardul Amarchand Mangaldas & CoDealroom has a profile for this one. Try Dealroom → advised Tata Capital on the financing.
What's the endgame? The loan will fund construction, development, and commissioning of Jayaswal Neco's proposed 1.50 MnTPA Straight-Grate Pellet Plant at Raipur, Chhattisgarh. Pellet plants supply raw material feed for steel production.
Who worked on it? The Shardul Amarchand Mangaldas team was led by partners Veena Sivaramakrishnan and Dhananjai Charan, alongside principal associate Yash Kahandole and associate Shruti Mishra.
The signal: At roughly $56.4 million, the facility ranks around the 26th percentile by deal size — a mid-tier infrastructure loan rather than a landmark raise. It reflects steady lender appetite for financing India's domestic steel capacity expansion.
Read more: barandbench.com
Image credit: Mike Tewkesbury
