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Fox Mandal powers Rural Electrification Corp $1.6bn Bihar project

Fox Mandal advised state-owned power financer Rural Electrification Corporation (REC) in extending Rs 8,775 crore ($1.6bn) to the NTPC and Bihar State Electricity Board (BSEB) joint venture Nabhinagar Super Thermal Power Project.

Fox Mandal Delhi banking and finance partner Rajesh Sehgal with senior associate Rahul Tyagi and associate Bhupendra Verma acted for REC. NTPC and BSEB were advised in-house.

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