Mahindra EPC Services will set up two solar photovoltaic power projects in Rajasthan along with a French company, Fonroche Energie S.A.S through its special purpose vehicles in India worth Rs. 100 crore ($18 million).
A consortium of lenders comprising of KKR India Financial Services, Tata Capital Financial Services and Aditya Birla Finance are providing the term loan for the financing of the two projects.
I&S Associates advised Mahindra EPC Services with a team led by Partner Bakhtiar Sunavala.
A&M Law Offices advised Fonroche Energie and the SPVs with a team led by Partner Sanjeev Adlakha.
Luthra & Luthra advised the consortium of lenders with a team led by Mumbai Partner Bikash Jhawar.