Shardul Amarchand Mangaldas & Co. acted as advised Performance Chemiserve Limited (“PCL”), a wholly owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation Ltd., in relation to its long-term agreement with Petronet LNG Limited for the regasification of Liquefied Natural Gas.
The contract, valued at ₹1,200 crore with a potential additional outlay of up to 20% over its five-year duration, will see Petronet LNG regasify approximately 25 TBTUs of LNG annually, primarily at its Dahej terminal, after an initial ramp-up period.
The transaction team was led by Prashant Sirohi, Partner, with support from Siddharth Jain, Senior Associate.