Mining
About the Client
  • A leading iron ore mining & processing company with four decades of expertise.
  • The company is also into generation of power through Wind turbines situated across Karnataka, Maharashtra, Rajasthan, etc. for captive consumption and for sale in market.
Our Services
  • Despite the sector being negative, Pranjal Group arranged for Term Loan from one of the largest PSU Bank against Wind receivables with various Escoms.
  • Arranged the said TL under parent and associate companies for Wind Farms.
  • Successfully negotiated with the lender for the maximum Loan Tenor with the comfortable repayment schedule at the lowest pricing.
  • Negotiate with the lenders for providing the loan facility with Nil collateral on the basis of the merits of the case.
  • Successful execution of the transaction with zero modification.
Value addition by Pranjal:
  • Monetization of the Wind assets and availability of funds to be deployed in mining division of the company.
  • Long Term loan and structured repayment schedule reducing the burden of immediate repayments.
  • Reduction in cost of borrowing to the company.
  • Client received better terms with maximum relaxation in security and nil collateral.
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