Khaitan & Co has advised Orient Cement on loan facilities worth US$200m from a syndicate of lenders led by State Bank of India.

The loan is to finance the development of a 3Mta greenfield integrated cement plant along with a 45MW captive power plant at Gulbarga, Karnataka.

Partner Shishir Mehta and associate partner Kumar Saurabh Singh acted as legal advisers to Orient Cement.