TT&A advised International Finance Corporation (“IFC”) as transaction counsel for a loan aggregating up to USD 100 million proposed to be extended by IFC to Meghna Re-Rolling and Steel Mills Limited, a company incorporated in Bangladesh.

The proceeds of the Loan will be used, inter alia, towards setting up of Bangladesh’s first climate smart greenfield steel plant, with an annual melting capacity of 1.4 million metric tonnes and rolling capacity of 0.9 MMT in Bangladesh. The disbursement of the loan is pending.

TT&A – Gautam Saha – Joint Managing Partner; Nikhil Bahl – Partner; Maansi Mehta – Associate