Projects and energy in India

Cyril Amarchand Mangaldas

Showcasing strength across all facets of projects, infrastructure and energy issues, Cyril Amarchand Mangaldas‘s team is continuously engaged in high-value matters as instructed by a roster of financial lenders, project sponsors and developers. Project finance is a core focus, with leading international lenders instructing co-heads L Viswanathan and Santosh Janakiram on major deals. The team regularly drafts and negotiates project agreements across all sub-sectors including airports, roads, oil and gas, ports and railways, with assistance provided by Ajay Sawhney and Ramanuj Kumar. A number of multilateral organisations retain the practice for advice on PPP ventures, including recent cross-border bulk water supply projects.

Other key lawyers:

Ajay Sawhney; Ramanuj Kumar

Key clients

L&T Infrastructure Finance Company Limited

Power Finance Corporation Limited

Amplus Green Power Private Limited

Power Finance Corporation Limited

State Bank of India

Zurich Airport International AG (Zurich Airport)

IDBI Bank Limited, State Bank of India and Others

Axis Bank Limited

Adani Electricity Mumbai Limited (AEML)

Adani Power Maharashtra Limited

Work highlights

  • Advised L&T Infrastructure Finance Company Limited on a rupee loan facility aggregating to 421.79 crores to DBL Mahagaon Yavatmal Highways Private Limited.
  • Acted as lender’s legal counsel to Power Finance Corporation Limited for providing a rupee loan facility aggregating to 1411.58 crore to Adani Wind Energy.
  • Acted as borrower’ legal counsel to Amplus Green Power Private Limited on a rupee loan facility aggregating to 195 crore from Axis Bank Limited and Tata Cleantech Capital.

HSA Advocates

The dedicated projects, energy and infrastructure practice at HSA Advocates houses an extensive bench of experts capable of handling all aspects of large-scale developments projects across all sub-sectors, from roads and ports to alternative power and oil and gas. The team is recently instructed by public sector clients on a spate of industrial corridor projects focusing on economic and technological development across India; Hemant Sahai and Soumya Kanti De Mallik spearhead the projects.

Key clients

NITI Aayog

Renascent Power Venture Pvt Ltd

National Industrial Corridor Development & Implementation Trust and National Industrial Corridor Development Corp Ltd

Ministry of Defence, Govt of India

Ministry of Economy and Finance, Kingdom of Cambodia and Royal Government of Cambodia

Adani Properties Pvt Ltd

World Bank

Vizhinjam International Seaport Ltd

ReNew Power

International Finance Corporation

Azure Power

Oakbridge Roofs

Mytrah Energy

Adani Group

TATA Group

Work highlights

  • Assisted Renascent Power Ventures with end-to-end ideation and implementation support, including obtaining requisite approvals for regulatory closure to the acquisition for acquisition of Prayagraj Power Generation.
  • Advsied the National Industrial Corridor Development & Implementation Trust and National Industrial Corridor Development Corp on multiple SPVs, incorporated for development of the corridors and integrated manufacturing clusters, NMIZ, Industrial townships at various places along these corridors.
  • Acted as the legal advisor to NITI Aayog in regards to the National Mission on transformative mobility and battery storage, aimed at finalising and implementing strategies for transformative mobility and Phased Manufacturing Programmes for electric vehicles, their components, and batteries.

J Sagar Associates

Having carved out a name for itself for climate change, sustainability and environmental regulation expertise, J Sagar Associates is a go-to name for large-scale related projects, encompassing PPPs, M&A transactions, project financing and EPC contract structures. Co-heads Venkatesh Raman Prasad and Vishnu Sudarsan also advise on government policy and regulations. Co-head Amit Kapur has vast experience in multibillion-dollar, precedent-making PPPs in the electricity and transport sectors. The practice advises on gas supply infrastructure and gas trading platforms, and in the aerospace sector, Sudaran and Ashish Suman assist with brownfield site privatisation contracts. Abhishek Munot handles commercial litigation and arbitration in the energy sector for major multinationals.

Other key lawyers:

Ashish Suman; Abhishek Munot


‘Very good understanding of oil and gas in India, including the regulatory framework, bidding and approval process, arbitration.’

‘No professional arrogance or superiority and the individuals show respect for the views expressed by the client and guides them properly.’

Key clients

Hero MotoCorp Limited (HMCL)

Asian Development Bank

Adani Power

Convergence Energy Services

Orb Energy

Model Economic Township

Intellismart Infrastructure

Tata Power

Sembcorp India

Hero Future Energies

Energy Efficiency Services Ltd

Dilip Buildcon Limited

Indian Gas Exchange Ltd.

Talgo Group

Vedanta Group

Vestas Wind Systems A/S


STT Global Data Centre

Airports Authority of India

Indian Oil Corporation Limited

World Bank Group

Reliance Infrastructure Limited

Reliance Power

Oil and Natural Gas Corporation Limited

India Grid Trust

Cargill India Pvt. Ltd

GMR Power

RATP Dev and Transdev Asia

Juniper Energy & AT Group

Sterlite Power (Vedanta Group)

GVK Power

Enel Group

Statkraft India

Reliance Infratel Limited

Jindal Steel and Power Limited

Selan Exploration Technology Ltd

Nordex Group

Ministry of Railways

Sistema Shyam

Tata Power Delhi Distribution Private Limited

BSES Rajdhani Power Private Limited

NTPC limited

NTPC Vidyut Vyapar Nigam Limited

Oil India Ltd

Yamuna Expressway Industrial Development Authority

Talwandi Sabo Power Ltd. (TSPL)

GM Vemagiri Power Generation Limited

Baker Hughes

C.G. Power and Industrial Solutions Limited (“CG”)

Connectwell Industries Pvt Ltd.

UltraTech Cement Ltd.

WebEx Communications India Private Limited


Devas Multimedia Pvt. Ltd.

Association of Power Producers

Tata Power Trading Company Limited

Shapoorji Pallonji Group

Tata Power Renewable Energy Limited

Coastal Gujarat Power Limited

UltraTech Cements Limited

BLP Wind Projects (Amberi) Private Limited

Continuum Wind Energy

CG Power and Industrial Solutions Limited

ORIX Corporation

K. Raheja Group

Netmagic IT Solutions Pvt. Ltd.

Superior Energy Services Holdings B.V.

Resurgent Power Ventures

National Highways Authority of India

UP Power Corporation Limited

Work highlights

  • Successfully represented Lalitpur Power Generation Company Limited before the Appellate Tribunal for Electricity challenging Uttar Pradesh ERC’s Order denying Change in Law relief and in-principle approval for incurring capital expenditure for complying with Ministry of Environment, Forest and Climate Change Notification prescribing revised emission norms for thermal power plants.
  • Advised Indian Gas Exchange Limited on the launch of India’s first automated national level Gas Trading Platform (GTP) which will enable market participants to trade in standardised gas contracts.
  • Successfully represented UltraTech Cement before Ld. Andhra Pradesh Electricity Regulatory Commission in obtaining a relief that the power consumed from waste to heat recovery system based cogeneration plants has to be treated at par with consumption of electricity from renewable energy sources.

Khaitan & Co

The energy, infrastructure and resources vertical at Khaitan & Co LLPComparative Guides promotional icon comprises specialised partners situated across India, thus capable of handling the entire project lifecycle for stakeholders in every sub-sector, ranging from nuclear energy, solar power and oil and gas to logistics, telecoms and roads. Gahan Singh handles project finance transactions for major financial institutions and sponsors, while corporate lawyers including Akhil Bhatnagar, Akshay Malhotra, counsel Anuj Sahay and many others execute M&A deals, PPPs and joint ventures. The team benefits from the expansive regulatory and policy expertise of Dibyanshu and Shivanshu Thaplyal, and dispute avoidance and resolution consultation are incorporated into all mandates.


‘I work with Dibyanshu. I go to him because of his expertise in the sector (energy) and market knowledge. He is extremely knowledgeable, very easy to work with, his team is fantastic and he just gets it right every time. A dream to work with – also a wonderful person.’

‘The team comprises a right mix of experience and energy. All the members I had the opportunity to work with possess a very high degree of professional integrity, competence and service mindset.’

‘I value their professional integrity the most. and this integrity is backed by competence and experience.’

‘Strong understanding of the sector and extensive knowledge of deal making. Depth of team along with diligence across the team.’

‘Akhil Bhatnagar is an excellent lawyer with great understanding of the sector and high level of deal making expertise.’

Key clients

Global Renewable Synergy Company Limited

Bharat Heavy Electricals Limited

FRV Group

Numaligarh Refinery Limited

Sterlite Power Transmission Limited

ACME Solar Holdings Private Limited

Novoco Vistas Corporation Limited

Kalpataru Power Transmission Limited

Mahindra Susten Private Limited

Blue Planet Environmental Solutions (India) Private Limited

Welspun Enterprises Limited

Edelweiss Financial Services Limited

Torrent Group

Delhi International Airport Limited

Radiance Renewables Private Limited

RMG Acquisition Corporation II

Worldone Private Limited

Work highlights

  • Acted as the Indian legal counsel to Global Renewable Synergy Company Limited on its investment of approximately $453m  by way of subscription of new shares (approximately 41.6% of equity interest) in Avaada Energy Private Limited.
  • Advised Bharat Heavy Electricals Limited on its bid for the renovation/up-gradation of Bulawayo Thermal Power Project in Zimbabwe, and for design, planning, engineering, procurement, manufacture, construction, testing and commissioning of a utility-scale photovoltaic hybrid power plant and grid connection.
  • Advised Sterlite Power Transmission Limited on a 50:50 joint venture with AMP Capital Infrastructure Investment No.2 S.A R.L.,  for developing, constructing, owning, operating and maintaining the power transmission systems in India.

Kochhar & Co.

As a newly recruited co-head at Kochhar & Co.‘s infrastructure and energy practice, Pradeep Ratnam brings in-house experience as a general counsel of an infrastructure fund and a track record in solar, wind and other renewable energy projects as head of infrastructure at Krishnamurthy and CoParul Verma handles PPP and project financing matters, while Co-head Krishna Vijay Singh spearheads the contentious element of the practice, which covers contractual breakdowns arising from all project stages. Manish Dembla handles contract negotiations and disputes concerning hydropower, roads, transport and gas pipeline projects. Clients come from the public and private sector and include project sponsors, developers and lenders.

Other key lawyers:

Parul Verma; Manish Dembla

Key clients

Vapi-II North Lakhimpur Transmission

GAIL India Limited

PMI Electro Mobility Private Limited

Lakadia-Vadodara Transmission Project

UTI Structured Debt Opportunities Fund I

Saurya Urja Company of Rajasthan Limited

Sterlite Power Transmission Limited

ICICI Bank Limited, Axis Bank Limited and IndusInd Bank Limited

ASK Financial Holding Private Limited

SBM Bank (India) Limited

Beijing National Railway Research & Design Institute of Signal & Communication Group

Solar Pack LLP

VIL Rohtak Jind Highway

Haryana Vidyut Prasaran Nigam Limited

Experion Developers Private Limited

Aditya Birla Finance Limited

Union Bank of India and Syndicate Bank

ICICI Bank Limited

China State Construction Engineering Corp.

Work highlights

  • Advised GAIL India on an INR2bn financing for part-funding the capital expenditure of the Company for ongoing and new gas pipeline projects.
  • Advised PMI Electro Mobility, a leading manufacturer, technology incubator and developer of ‘zero emission’ commercial vehicles in India, on its INR4bn investment from GreenCell Mobility, an electric mobility-as-a-service (eMaaS) platform promoted by EverSource Capital.  
  • Advised Sterlite Transmission on an INR20.7bn financing of its SPV (Vapi II North Lakhimpur Transmission Limited) for the execution and strengthening of India’s largest interstate ‘green’ power transmission system project supplying power from solar, nuclear and hydropower sources to the western and north-eastern regions of India.

L&L Partners Law Offices

L&L Partners Law Offices’ impressive projects, energy and infrastructure client roster comprises top-rate developers, investors, state and central government bodies and banks. In a major ongoing PPP mandate (a field of expertise for Rajiv Luthra and Pallavi Bedi), the practice is advising on the complex agreements of India’s first private passenger train operation. Active in a span of sectors including conventional and renewable energy, natural gas and mining, Bedi advises on project financing for domestic and international lenders and borrowers whereas Deepak Kumar Thakur and Ashita Bali handle high-value acquisitions and investments in the solar sector. Prabjot Singh Bhullar’s regulatory knowledge includes applied tariff, licensing and contractual issues before the Electricity Regulatory Commission and the Appellate Tribunal for Electricity. The team has been further boosted with the arrival of Avirup Nag and Sabrina Afroze.

Other key lawyers:

Avirup Nag; Sabrina Afroze

Key clients

Amplus Energy Solutions Private Limited

Canadian Solar Inc.

NEPRA Resource Management Private Limited

Rays Power Infra Private Limited

Fourth Partner Energy Private Limited

Rail India Technical and Economic Service Limited (“RITES”)

AES Corporation and its subsidiaries, AES OPGC Holding and AES India Private Limited Amplus Energy Solutions (“Amplus”)

NITI Aayog

ONGC Tripura Power Company (“OTPC”)

Candi Solar

Stoa S.A

SB Energy (SoftBank Group)

Hyderabad Metro Rail Limited

Work highlights

  • Advised Amplus on its acquisition of 100MW of solar assets from Acme Solar Holdings Limited located in Karnataka’s Pavagada Solar Park developed under the National Solar Mission.
  • Advised Rays Power Infra Power Limited on the setting up of a 100MW solar power plant.
  • Advising RITES on private train operation project wherein private entities, for the first time, would be granted concessions to operate passenger trains on 12 clusters/routes.

Link Legal

Owing to a long-standing reputation in the infrastructure sector, Link Legal is routinely seen on large-scale and complex projects of national significance. End-to-end legal guidance — from bidding stage to dispute resolution — on major transport, waste management, power and manufacturing projects is provided by Anand Srivastava, Atul Sharma, Milind Jha and arbitration specialists Milanka Chaudhury and Ravi Varma. The group’s extensive knowledge of aerospace regulation makes it a go-to name for complex mandates combining contentious and non-contentious factors.

Other key lawyers:

Milanka Chaudhury ; Ravi Varma 


‘The people at Link Legal are a versatile lot, covering diverse practices. So one doesn’t have to think too hard where to go in case any legal help is needed. The partners are competent, are diligent about the assignments, and make sure that no worries remain with the client. The billing is competitive and does not seem out of the curve. On the whole, the experience with them is quite satisfying.’

‘The individuals we have interacted with at Link Legal have been really good and quite competitive in their areas of practice. They provide really useful service if one looks at the complete offering.’

Key clients

Alstom System India Pvt. Ltd. (India)

Azure Power Forty-Three Private Limited (Azure 43)

Madhepura Electric Locomotive Pvt. Ltd. (MELPL)

Azure Power India Private Limited (Azure)

Sterlite Group (Sterlite)

Hitachi Rail STS India Private Limited

SB Energy (SoftBank Group)

Larsen and Toubro (L&T)

Uttar Pradesh Cricket Association (UPCA)

Freyr Energy Services Private Limited (FESPL)

IL&FS Rail Limited (IRL)

Rapid Metro Gurgaon Limited (RMGL)

Rapid Metro Gurgaon South Limited (RMGSL)

Zheneng Capital Holding Co.

Jindal SAW Ltd.

IDE Technologies (Israel)

CRRC Corporation Limited

Navayuga Engineering Company Limited

Delhi International Airport Limited (DIAL)

Clean Sustainable Energy Pvt. Ltd.

TBEA Xinjiang Sunoasis Co., Ltd.

National Industrial Corridor Development & Implementation Trust (NICDIT)

GMR Hyderabad International Airport (GHIAL)

GMR Goa International Airport Limited (GGIAL)

Ayana Renewable Power Private Limited

Solar Power Developer Association

Jakson Solar Power Private Limited

Hindustan Zinc Limited

Adani Green Energy Limited

Rajasthan Solar Association

WAISL Limited

Work highlights

  • Advised Ayana Renewable Power on the acquisition of Adyah Solar Energy Private Limited, a company engaged in the generation of power of the magnitude of 300 MW at Pavagada I, Karnataka.
  • Advising TBEA Xinjiang Sunoasis, the largest solar panel manufacturer in the world, on its successful tender for a 300 MW PV IPP solar project in the State of Rajasthan, India.
  • Advised SB Energy on its policy initiative with the Government of India and certain state governments, and bid participation in several state bids.

Shardul Amarchand Mangaldas & Co

Project financing is one of Shardul Amarchand Mangaldas & Co‘s key specialisms, with the practice continuously advising on nationally significant transactions in the oil and gas, airports, roads, ports, SEZ and telecoms sectors. The team advises on the full scope of contractual negotiations, including PPAs, EPC contracts and LNG sale and purchase agreements. PPP experience extends to advising on the country’s ultra-mega power project programme. Practice head Jatin Aneja and key partners Deepto Roy, Prashant Sirohi and V.R. Neelakantan are retained by an expansive and diverse list of stakeholders; state governments, public sector bodies, multilateral agencies, developers, investors and lenders are all present on the roster.

Practice head(s):

Jatin Aneja

Work highlights

  • Advising Morgan Stanley Infrastructure on it’s proposed acquisition of IL&FS Paradeep Refinery Water Limited.
  • Advised Bharat Road Network Limited, Galfar Engineering & Contracting (India) Private Limited, Galfar Engineering & Contracting SAOG, Simplex Infra Development Private Limited and Shree Jagannath Expressways Private Limited on executing a securities purchase agreement for divestment of their equity stake in SJEPL to India Highway Concession Trust.
  • Advised CME on the divestment of its equity stake in 250MW operational solar power project located in the Rewa Ultra Mega Solar Park in Rewa, Madhya Pradesh and 150 MW operational solar power projects in the Ananthapuramu Ultra Mega Solar Park in Andhra Pradesh to Actis Greengen Limited by way of a securities purchase transaction.


Trilegal is well placed to handle a broad mix of energy and infrastructure matters, including cleantech products, nuclear power, oil and gas and urban infrastructure. Its power practice is regularly instructed on greenfield projects and acquisition transactions, which the team combines its solid regulatory expertise with experience in drafting and negotiating project contracts. The team also has experience advising on PPP projects in the transportation, ports, water and waste sectors, and also counts multilateral and export credit agencies, commercial lenders, developers, sponsors and construction companies as its key clients which it advises on project and equipment finance dominated both in rupees and foreign currency. Neeraj Menon heads the team from its Mumbai office, along with Saurabh Bhasin, Nayantara Nag, Amar Narula and Rahul Arora in Gurgaon.

Practice head(s):

Neeraj Menon

Other key lawyers:

Saurabh Bhasin; Nayantara Nag; Amar Narula; Rahul Arora

Key clients

ArcelorMittal Nippon Steel India Limited

Enel Global Infrastructure and Networks

Enel Green Power India Private Limited

NTPC Vidyut Vyapar Nigam Limited

Bombardier Transportation India Pvt. Ltd.

EDF International Networks (EDF)

Brookfield Asset Management

International Finance Corporation

Azure Power Private Limited

Shell International Limited

Atlantic Gulf & Pacific Company of Manila (AG&P)

Mitsubishi Corporation

Vitol Asia Pte Limited

Macquarie Capital/Green Investment Group

Amazon Web Services


Work highlights

  • Advising Macquarie Capital/Green Investment Group on a range of matters including conducting due diligence on the target companies, advising on the transaction structure, assistance in drafting project agreements as well as model PPAs and SHAs for the captive consumers, developing legal framework for selection of future projects, and assisting the client’s international counsel in reviewing investment documents from an Indian law perspective and other closing assistance.
  • Advised the lenders on the financing documentation and other advice in relation to the transaction vis-à-vis the Indian sponsors’ role and the financing to be availed by the concessionaires of the Indian sponsors for the development of the project.
  • Advised ArcelorMittal Nippon Steel India Limited on the drafting of a request for proposal and a term sheet for the proposed development project.

AZB & Partners

AZB & Partners has a diverse practice operating in all avenues of projects, infrastructure and energy, advising on the whole lifecycle of conventional, renewable and nuclear power, natural resources, telecoms and transport projects. Bahram Vakil, Gautam Saha and the recently joined Anuja Tiwari (from DSK Legal) are instructed by investors and developers for strategic guidance. Solar power expert Pallavi Meena and Ambarish Mohanty who is advising the Asian Development Bank on the proposed financing of a pan-India railway track modernisation project, lead on project financing transactions.


‘Excellent responsiveness to complex queries about structuring transactions under Indian law. They will hold your hand through the difficult parts of the deal.’

‘Excellent. Highly recommended!’

‘High level of expertise, experience, organisational skills, flexibility.’

‘The lawyers have in-depth knowledge and are good at collaborations and discussions with the team.’

‘Pallavi Meena was exceptionally knowledgeable across all aspects of the transaction that involved multiple international lenders. Pallavi was also very responsive to lender queries (including well outside of Indian work hours) – something we valued in order to move the transaction along from half a world away.’

‘The team from AZB demonstrated strong experience/knowledge in the structuring of project finance transactions and their local market experience was key to a successful transaction.’

Key clients

Bharat PetroResources Limited

Cube Highways and Infrastructure III PTE. Ltd.



Bharat Broadband Network Limited

AMP Capital

First Solar

Zurich Airport International AG


TATA Sons Private Limited

Brookfield Asset Management Inc.

DEG – Deutsche Investitions – und Entwicklungsgesellschaft mbh

FMO – Nederlandse Financierings- Maatschappij voor Ontwikkelingslanden N.V.

Asian Development Bank

Société De Promotion et de Participation Pour La Coopération Economique

U.S. International Development Finance Corporation

Export Development Canada

Work highlights

  • Advised Total on the acquisition of 50% equity stake and certain non-convertible debentures in a joint venture company for an investment amount of $510m, to which Adani Green Energy Limited transferred its 11 100%-owned subsidiaries pursuant to the transaction.
  • Advised BIF IV Jarvis India, an affiliate of Brookfield Asset Management, in its investment in the units to be issued by Tower Infrastructure Trust.
  • Advised ORIX on its acquisition of 20% stake by way of a primary and secondary investment in Greenko Energy Holdings.

DSK Legal

Advising governmental bodies, bidders and lenders in equal measure, DSK Legal‘s infrastructure, projects and energy practice is actively engaged in all stages of large-scale projects. The team recently advised developers on high-profile bids for the development of greenfield airports and shipping ports across the country, some devised under PPP structures as guided by co-heads Anjan Dasgupta and Ajay Shaw. Co-head Dinesh Pardasani‘s expertise spans the solar power, rail and water utilities sectors. Co-head Samir Malik is a highly experienced energy and infrastructure litigator.


‘The team has handled many of our legal matters. Each and every member of the team is attentive, experienced and highly efficient.’

‘We have worked with Anjan Dasgupta on many matters. His competence is one of the best we come across in the field. His team’s responsiveness in turning around several deliverables was beyond our expectations.’

Key clients

Zurich Airport International AG

City and Industrial Development Corporation of Maharashtra Limited (CIDCO)

NITI Aayog (erstwhile Planning Commission of India)

National Investment and Infrastructure Fund

Shanghai SIIC Transportation Electric Co., Ltd., China

TRIL Urban Transport Private Limited

Keolis SA & Keolis Asia Pte. Ltd.

Compañía Española de Financiación del Desarrollo S.A.

Mumbai International Airport Limited

Maharashtra Airport Development Company Limited

CMA Terminals and CMA-CGM, France

Mumbai Port Trust

Indian Ports Association

Assystem Engineering and Operation Services

National Highway Authority of India

PSA International, Singapore

National Thermal Power Corporation

Neyveli Lignite Corporation

Pune Smart City Corporation Limited

EverSource Capital

Alstom Transport India Limited

Alstom Systems India Private Ltd.

Hitachi Rails STS

Hitachi India Private Limited

GE Renewable Energy

Sparklet Engineers Private Limited

First Solar

Siemens Project Ventures GmbH

Pune IT City Metro Rail Limited

Jindal Saw Ltd.

Ramky Group

Trust Investment Advisors Private Limited

Airports Economic Regulatory Authority of India

Électricité de France S.A

Petro Rio SA

Hero Future Energies Asia Pte. Ltd.

ReNew Power Private Limited

GE Renewable Energy

ArcelorMittal Nippon Steel India Limited

Maharashtra Tourism Development Corporation Limited

Baker Hughes, Texas, USA

Milwaukee Composites Inc.

GMR Visakhapatnam International Airport Limited

GMR Goa International Airport Limited

IDE Water Assets Limited

SB Energy Private Limited

Alstom System India Private Limited

Hitachi Rail STS India Private Limited

Jindal Saw Limited

Sterlite Technologies Limited

Ramky Group

Delhi Airport Metro Express Pvt. Ltd

Amsterdam Waste Environmental Consultancy & Technology B.V.

Ministry of Railways, Government of India

Tata Realty and Infrastructure Limited and Tata Group – Infrastructure vertical

KPMG Restructuring LLP

PPN Power Generating Company Private Limited

Work highlights

  • Advising IDE Water Assets Limited on the structuring of the consortium/joint venture to participate in a bid for the construction of a 400 MLD Desalination Plant in Tamil Nadu.
  • Advising City and Industrial Development Corporation of Maharashtra Limited on its participation in the Navi Mumbai International Airport.
  • Advised Zurich Airport International AG on its bid to develop a greenfield airport (Noida International Airport) at Jewar, Noida.

Economic Laws Practice

Traditional and solar energy are growing sectors of focus at Economic Laws Practice. Helmed by Sujjain Talwar, the team advises a client roster of power generators on sale and purchase agreements. Aakanksha Joshi handles corporate mandates in the infrastructure sector, including investment structuring and buyer-side private equity acquisitions. The team has notable PPP expertise, having recently advised on joint bids in the shipping sector, as well as solid experience advising on major hospitality projects.

Practice head(s):

Sujjain Talwar

Other key lawyers:

Aakanksha Joshi

Key clients

INKEL Limited


IndusLaw maintains a strong reputation for handling a diverse range of work in the traditional and alternative energy sectors. Practice head Arun Kumar and Hyderabad-based co-head Deepak Chowdhury are retained by developers and infrastructure funds for advice on complex land procurements.

Practice head(s):

Deepak Chowdhury; Arun Kumar

Key clients

United Nations Office for Project Services

Investment Fund for Developing Countries

Azure Power

IB Vogt GmBH

Shell India Markets Private Limited

Axis Energy Ventures (a Brookfield portfolio company)

WEG Industries

EDF (Électricité de France S.A.)

Blue Leaf Energy Asia Pte. Ltd. (Macquarie Group company)

Phelan Energy

Solarpack Corporacion Tecnologica, SA

O2 Power

Myra SaS

Ayana Renewable Power Pvt Ltd


Berkeley Energy

ReNew Power


AMP Energy




AC Energy/UPC Energy

SB Energy Private Limited

Cleantech Solar (a Shell company)



Work highlights

  • Advised the SDG/IFU and UNOPS S3i on their investment agreement; advising on the investor’s rights vis-à-vis lenders’ rights under the financing documents, and negotiating with lenders; and advising on finalising the EPC Contracts for the development of a household electricity project on behalf of the investor.
  • Advising Amplus on its proposed acquisition of rooftop solar projects in various states of India.
  • Advising Engine on project financing for an amount of $100m from the Asian Development Bank and Société Générale for setting up a 2x 100MW AC grid-connected solar PV project in Raghanesda Solar Park, Gujarat.

Phoenix Legal

The team at Phoenix Legal assists with the full breadth of transactional, project development and contractual (including PPPs and consortium agreements) matters across the infrastructure and energy industries. Abhishek Saxena, Vasanth Rajasekaran and Pranav Srivastava advise on all stages of the project lifecycle, while Sawant Singh acts for lenders and borrowers in project financing negotiations. Gautam Bhatikar and a string of associates joined from LEGASIS PARTNERS ADVOCATES & SOLICITORS, expanding the team’s commercial litigation and arbitration offering specific to maritime, oil and gas and construction. The team also welcomed project finance specialist Harsh Arora who joined from HSA Advocates in October 2021.

Other key lawyers:

Harsh Arora


‘Phoenix Legal have a deep understanding of projects and energy area.’

Abhishek Saxena is a dream lawyer for a client; Saxena stands out for his in-depth knowledge, a methodical approach and critical partner-level involvement for critical issues‘.

Key clients

Think Gas/ I Squared Capital

HPCL Shapoorji Energy Private Limited

Asesorias e Inversiones Benjamin S.A./South Lake One, LLC.

Höegh LNG AS


Standard Chartered Bank


GSPC LNG Limited

Petronet LNG Limited

JGC Corporation

ClearMedi Healthcare

Work highlights

  • Advised Höegh LNG on chartering of Höegh LNG’s Floating, Storage and Regasification Unit (FSRU), Höegh Giant, for H-Energy’s LNG import terminal in Jaigarh, in Ratnagiri district of Maharashtra.
  • Advised South Lake One on an investment in the SunEdison group in India involving the restructuring of SunEdison group to carve out its under-development solar power projects into separate holding entities in India.
  • Advised Think Gas on the drafting of its gas sales and purchase agreement.

Archeus Law

Through the expertise of Ranjit Prakash and practice head Arun Mani, Archeus Law provides end-to-end project and infrastructure support. The practice’s comprehensive contract management offering assists clients with bidding, project execution and closure, primarily in the power sector, though rail and oil and gas projects are also present on the deal sheet.

Practice head(s):

Arun Mani

Other key lawyers:

Ranjit Prakash


‘The firm in general has an excellent work ethic backed by a meticulous attention to detail in addition to being highly professional, flexible and providing exemplary services.’

‘Both Mr. Ranjit Prakash and Mr. Arun Mani are very accomplished in their firm’s industry focus and are excellent both in oral and written submissions. They are timely, efficient, professional and very knowledgeable and got us through the sometimes arduous legal matters to a very successful conclusion. I have found their legal opinions to be clear and precise, yet fair while protecting our position in regards to construction contract documents, ordinances, and opinions drafted.’

Key clients

Shanghai Tunnel Engineering Corporation

SEPCOIII Electric Power Construction Corporation

SEPCO1 Electric Power Construction Corporation

Runh Power

Andritz Hydro

PowerChina Chengdu Engineering Corporation

Beijing SPC Environment Protection Tech Co.

Sinohydro Corporation

China Construction First Group Corporation

Qingdao Daneng Environmental Protection Equipment Incorporated Company

Work highlights

  • Advised Shanghai Tunnel Engineering Corporation and its Indian subsidiary, SUCG Infrastructure India on their metro rail projects in India including Delhi Metro, Mumbai Metro and Chennai Metro.
  • Assisted Beijing SPC Environment Protection Tech Co. with its flue gas desulphurization projects in India.
  • Advised SEPCO1 Electric Power Construction Corporation on its thermal power projects in India.

Bharucha & Partners

The project finance group at Bharucha & Partners combines high-end transactional expertise with robust advice on dispute avoidance. Major Indian and foreign corporations and banks operating in the transport, power, shipping, rail, renewable and other industry classes instruct practice head Alka Bharucha and Justin Bharucha on high-value term loan facility agreements and investments. Recent highlights include advising on concessions and EPCs in relation to highway projects.

Practice head(s):

Alka Bharucha; Justin Bharucha

Key clients

Macquarie Infrastructure and Real Assets

Ivanhoe Cambridge

Adani Enterprises Limited

Aditya Birla Group

JM Baxi Group

NIIF Infrastructure Finance Limited

Edelweiss Group

Jhar Mining Infra Private Limited

Abu Dhabi National Energy Company

SREI Infrastructure Finance Limited

Pan Asia Project Development Fund

Amun Solar Farms

Collage Group Infrastructure Private Limited

Larsen & Toubro Limited

Kalpataru Power Transmission Limited

CG Power

Essel Mining

Bharat Road Network Limited

Reliance Group

Ultratech Cement

Work highlights

  • Advised International Cargo Terminal and Infrastructure Private Limited (JM Baxi Group) on the investment it received from Bain Capital through its entity Integral Investments South Asia VIII for a 39% in ICTIPL aggregating to approximately INR 50bn.
  • Advised the State Bank of India, Bank of Maharashtra, and Maharashtra State Electricity Distribution Company Limited on a loan facility amounting to approximately INR 59bn.
  • Advised Visakha Container Terminal Private Limited in availing rupee loans (INR 3.9bn), guarantee facility (INR 350m), hedge facility (INR 790m), and issue unlisted, collateralised, redeemable, non-convertible debentures on a private placement basis (INR 3.2bn).

Dhir & Dhir Associates

Dhir & Dhir Associates’ project finance practice is routinely instructed by lenders, borrowers and project developers. Co-heads Alok Dhir and Guranpreet Singh Sarna are active across the renewable energy, cleantech and power sectors. Notably, the team acts as lender’s counsel to India’s first Infrastructure Debt Fund. Recent instructions saw the team advising on FDI Investments, re-financing, conventional financing and external commercial borrowings.

Key clients

Power Finance Corporation Limited

India Renewable Energy Development Agency Limited

REC Limited

Axis Bank Limited

India Infradebt Limited

Saraswat Co-Operative Bank Limited

Tata Cleantech Services Limited

State Bank of India

Work highlights

  • Advised Axis Bank Limited on the financing of up to INR 3.7bn as rupee term loan to the four SPVs of the Renew group, for the repayment of the exiting project indebtedness of the respective SPVs and for the purpose of providing loans and advances to the group companies of the respective borrower SPV.
  • Advsied REC Limited on the financing of up to INR 11.5bn as rupee term loan to ACME Heergarh Powertech Private Limited, for part financing the estimated project cost of one 300 MWac/450 MWp solar PV project in the State of Rajasthan.
  • Advised Tata Cleantech Capital Limited on the financing of INR 11.9bn to Amp Energy Distributed Generation Private Limited for the implementing and constructing roof-top/ground-mounted captive solar power project with a capacity of 5 MW solar rooftop and ground-mounted projects across various government institutions/offices in India Zone-2 to be developed under RESCO scheme of SECI.

Fox Mandal & Associates

On the energy side of Fox Mandal‘s practice, Chennai-based co-head Jeevanandham Rajagopal brings a long line of experience in wind and solar projects, continually assisting major OEMs and IPPs with project funding, EPCs and land acquisitions. Ramanathan Chandrasekaran and Bangalore-based Prashantha Kumar round off the leadership, fielding expertise across the transport infrastructure, mining, water management and urban infrastructure sectors.

Key clients

Eagle Wardha Highways Pvt Ltd

Jones Lang LaSalle (JLL)

BRB Buildcon Pvt. Ltd.

Meenambakkam Realty Private Limited

Invent Assets Securitisation and Reconstruction Private Limited

CSB Bank Ltd

Tamil Nadu Housing Board

Juris Corp

Juris Corp‘s project finance practice acts for a large number of major Indian and foreign lenders. Joint heads Ankit Sinha, Saurabh Sharma and Jayesh H handle financing work in the urban infrastructure, manufacturing, housing and transport sectors. The team is a leader in the green loans space, having recently advised on headline deals on behalf of Singapore-based lenders.

Key clients

JSW Steel Limited

DBS Bank Ltd.

Reliance Industries Limited

Birla Corporation Limited

Deutsche Bank AG

Mashreqbank psc

Barclays Bank PLC

State Bank of India

J.C. Flowers Asset Reconstruction Private Limited

InCred Financial Services Limited

Work highlights

  • Advised a consortium of lenders including State Bank of India, HDFC Bank Limited, Axis Bank Limited, Bank of Baroda, ICICI Bank Limited, Punjab National Bank, Union Bank of India and Housing Development Finance Corporation Limited on their $4.1bn financing to Summit Digitel Infrastructure Private Limited which is involving an infrastructure investment trust (InvIT).
  • Acted as the Indian law transaction counsel to DBS Bank India on the green loan of $85m to the borrower, a special purpose vehicle of Singapore-based CapitaLand group.
  • Advised Axis Bank Limited, Bank of Baroda and Punjab National Bank on a $6bn infrastructure financing to Jio Digital Fibre Private Limited.

Legacy Law Offices

Leveraging a wide network of associates across India and a substantial Chandigarh footprint, Legacy Law Offices' developmental and infrastructure group advises on PPP bidding negotiations, project structuring and ongoing regulatory support. Joint heads Gagan Anand, Shalini Munjal and Madhav Sharma excel in energy transmission, urban infrastructure (notably in regards to smart cities) and transport infrastructure.


‘Legacy Law Offices has a highly skilled team of lawyers and their commitment to quality legal work stands out from the rest in the market.’

‘I have been dealing with Mr Gagan Anand for quite some time. He is an expert in his dealings and highly competent with his work. I have always been delighted with the work which his team has been delivering to my company. He has rich and varied experience in domestic as well as International Developmental Projects.’

‘I am very satisfied with Gagan Anand, he was my main point of contact. He is a well-informed lawyer and is very helpful.’

‘One of the qualities that set Legacy Law Offices apart from other firms is that they provide timely responses and quality work that addresses specific requests as well as a solid grasp of the proper use of technology.’

‘Everyone at Legacy Law Offices is professional, knowledgeable and kind. I highly recommend this firm.’

‘I would personally like to mention Shalini Munjal as my experience with her and her team has been exceptional.’

‘My experience with the team and in whole Legacy Law Offices has been good, as my team and I have received clear answers to our concerns and were presented in a professional as well as a congenial manner.’

‘Mr. Gagan Anand is an outstanding “connector” of people and opportunities. His high energy, creativity, and strategic focus has benefited our business immensely and we have been blessed to work with him!’

Key clients

Al Madinah Development Authority (MDA), Saudi Arabia

Asian Development Bank (ADB)

ANS Constructions Pvt. Ltd.

Ajnala Co-operative Sugar Mills Ltd.

Applied Research International Pvt. Ltd. (ARI)

Batala Co-operative Sugar Mills Ltd.

Bharat Broadband Network Limited (BBNL)

Ceigall India Ltd.

Construction Technique


Deloitte Touche Tohmatsu India LLP (DTTILLP)

Ernst & Young LLP

Grant Thornton India LLP

Gurdaspur Co-operative Sugar Mills Ltd.

Himachal Pradesh Infrastructure Development Board (HPIDB)

International Consultants & Technocrats Pvt. Ltd.

IIFCL Projects Ltd.

Jalandhar Smart City Ltd.

KPMG India Private Limited

Meinhardt Singapore Pte. Ltd.

MGI Capital Ltd.

National High Speed Rail Corporation Ltd.

Nordic Office of Architecture, Norway

Panchan Bhang Power

Premier Alcobev (P) Ltd.

PricewaterhouseCoopers Private Limited

Punjab Infrastructure Development Board (PIDB)

SREI Infrastructure Finance Ltd.

STUP Consultants Pvt. Ltd.

Tamil Nadu Infrastructure Development Board (TNIDB)

Voyants Solutions Pvt. Ltd.

Woodhill Infrastructure Ltd.

Work highlights

  • Advised Al Madinah Region Development Authority (MDA), Kingdom of Saudi Arabia on the development of Line (2+2A) of BRT with specific lanes in Al-Madinah Al-Munawarah, Kingdom of Saudi Arabia in PPP mode.
  • Advised a consortium including Nordic Office of Architecture AS, Norway, Grimshaw International Limited, Haptic Architects Limited and STUP Consultants Private Limited on the execution of the design consultancy agreement with Yamuna International Airport Private Limited (YIAPL) for the Noida International Airport.
  • Advised Intercontinental Consultants & Technocrats Pvt. Ltd. (ICT), Tanzania on the development of 13 PPP Projects in Zanzibar under the Zanzibar Urban Services Projects (ZUSP) with financing by World Bank.

Samvad Partners

Samvad Partners is regularly instructed on high-value transactions in the infrastructure, power and transport sectors. The team, jointly led by Vineetha MG and Harish Narasappa, combines financing and M&A expertise to advise on the full range of transactional mandates.

Practice head(s):

Vineetha MG; Harish Narasappa


‘Ms. Vineetha MG is the partner I usually work with. She is motivated and driven and deeply involved in all the deals. She is good with structuring and negotiation and has expertise in project finance, and banking and finance transactions.’

Key clients

Continuum Wind Energy (India) Private Limited

Continuum Power Trading (TN) Private Limited



L&T Infrastructure Finance Company Limited


India Infradebt Limited

Reliance Jio

Trinethra Wind And Hydro Power Private Limited

Watsun Infrabuild Private Limited

Yes Bank Limited

Work highlights

  • Advised Yes Bank Limited on the restructuring of INR 27.9bn loan granted to Warora – Kurnool Transmission Limited.
  • Advised Continuum Power Trading, a subsidiary of Continuum Wind Energy Limited on the financing of INR 10bn availed from Power Finance Corporation Limited financial for setting up and implementing a 250 MW Wind Power Project at Dayapar in Gujarat.
  • Advised Logos Group on the various warehousing contracts executed with industrial tenants.

Sarthak Advocates & Solicitors

Sarthak Advocates & Solicitors‘s energy and infrastructure practice advises on bidding, contract management, joint venture and project finance. Clients include domestic and international project sponsors, developers, contractors and other stakeholders operating in the solar, offshore exploration and power transmission industries. Abhishek Nath Tripathi and Mani Gupta head the practice.

Key clients

Sembcorp Energy India Limited

Africa Energy S.A.,

Sterlite Power Grid Ventures Limited (SPGVL)

Bureau of Energy Efficiency (BEE)

Hindustan Power Projects Private Limited

Om Metals (India) Limited

Diversified Infrastructure Advisory Private Limited

Technocrats Advisory Services Private Limited

Bharat Heavy Electricals Limited

SunSource Energy Private Limited

Coastal Projects Limited

Jal Power Corporation Limited

Siddhi Vinayak Power Generation and Distributors Private Limited

Power Exchange (India) Limited

Kranthi Edifice Private Limited

SolarWorld Energy Solutions Private Limited

Work highlights

  • Advised Singapore-based Sembcorp Industries’ India on a bid for a new solar power project in a closely contested auction.
  • Advising Africa Energy on drafting and negotiating the power purchase agreement, implementation agreement with the government of Senegal, fuel supply agreement, EPC contracts, O&M Agreement, and project finance documentation.
  • Advised Sterlite Power Grid Ventures Limited on power transmission projects across India and Brazil.

Singhania & Co

Public sector bodies from development agencies up to the national government retain Singhania & Co‘s projects and energy practice for advice on major lending mandates across India. Ongoing matters for co-heads Dipak Rao and Abhimeet Sinha relate to energy, ports and solar projects. Ravi Singhania is instructed by the National Highways Authority of India on various dispute resolution matters.

Practice head(s):

Dipak Rao; Abhimeet Sinha

Other key lawyers:

Ravi Singhania

Key clients

Gujarat Maritime Board

Power Finance Corporation Limited

Power Finance Corporation Limited – Talettutayi Solar Projects Five Pvt. Ltd.

Mazars Advisory Private Limited

Power Finance Corporation – Antony Lara Renewable Energy Pvt. Ltd.

Indian Renewable Energy Development Agency (IREDA)

Power Finance Corporation Limited – Sriramcharan Energy and Infra Pvt. Ltd.

REC TRANSMISSION PROJECTS COMPANY LTD in consortium with Mazars Advisory Private Limited

Power Finance Corporation Limited – ACME Jodhpur and ACME Rewa

Wind Five Renergy Pvt. Ltd.

Dedicated freight corridor (DFC)

Power Finance Corporation – Adani Green Energy (Tamil Nadu) Limited

SJVN Thermal (P) Limited

Power Finance Corporation – Kamuthi Renewable Energy Limited

Power Finance Corporation – Ramnad Solar Power Limited

National Highways Authority of India

Work highlights

  • Acted for REC Transmission Projects Company in consortium with Mazars Advisory Private Limited on establishing a transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan.
  • Conducted audits for Indian Renewable Energy Development Agency.
  • Advised Power Finance Corporation Limited on the financing of $27.3m to Talettutayi Solar Projects Five for setting up 50 MWAC (75 MWDC) Solar PV Power Project in Budaun District.

Spice Route Legal

Core skills provided at Spice Route Legal’s alternative and new practice group include construction and project development, project finance, corporate transactions and regulatory assistance. Praveen Raju heads the practice with a focus on the solar, electric vehicles, hydrogens and alternative fuels industries.

Practice head(s):

Praveen Raju

Key clients

SunEdison Infrastructure (client since 2018)

CPS Oil and Gas Equipment


Aerem Solutions

Gro Solar Energy RA

Lighthaus B.V.

Mytrah Mobility

Sistema Bio

SenseHawk Technologies Private Limited

South Lake One LLC

Fenice Investments

Ohmium International

MLR Auto

Work highlights

  • Advising SunEdison Infrastructure on various crucial matters, including corporate restructuring, an analysis of 25 solar projects, and the finance and development of a 68MW solar energy farm.
  • Advising minority shareholders of CPS Oil and Gas Equipment on the sale of its 30% shareholding in CPS Oil and Gas Equipment to an American company, SAZ Oilfield Equipment Inc.
  • Advising Mozev (Mytrah Mobility) on the manufacture of a fleet of 48 electric vehicle buses for a first-of-its-kind green transport project.