Firms To Watch: Projects and energy

Delhi-based partner Anand Srivastava is Sagus Legal‘s key contact for assistance in contentious infrastructure and renewable energy matters concerning regulatory approvals for project implementation.

Projects and energy in India

AZB & Partners

AZB & Partners has a comprehensive practice in projects and energy, and in particular acts as regular counsel to major financial investors in greenfield projects. Conducting due diligence on borrowers and projects, drafting and negotiating security terms and providing regulatory advice are routine for the team. Anuja Tiwari handles EPC contracts, PPP agreements and sale contracts in the renewable energy space as well as telecoms matters. Tiwari also advises on entry-level strategies and adapting business operations to regulatory and policy changes. Mumbai-based partner Qais Jamal handles restructuring matters for foreign investment companies, and Atreya Bhattacharya advises foreign asset management companies on equity investments in India’s ports and roads infrastructure projects, and on the acquisition of shares in renewable energy companies. Gautam Saha left the firm in September 2022 to Talwar Thakore & Associates.

Practice head(s):

Anuja Tiwari; Qais Jamal; Atreya Bhattacharya

Other key lawyers:

Pragya Sood; Mallika Anand

Testimonials

‘Generally all the Partners and Associates I have worked with are commercially savvy which is important.’

‘We have largely worked with AZB on complex matters and have found them able and competent to help navigate commercial and legal matters with ease.’

Key clients

Total S.E

Abu Dhabi Investment Authority

KKR & Co.

Qatar Holding LLC

Keppel Land Group

AMP Capital Investors (UK) Limited

Amp Capital Infrastructure

Bharti Airtel Limited

Bharti Infratel Limited

Mahindra Renewables Private Limited

ORIX Corporation

Ayana Renewable Power Private Limited

United States International Development Finance Corporation (DFC)

Export Development Canada (EDC)

International Finance Corporation (IFC)

Asian Infrastructure Investment Bank

MUFG Bank, Ltd.

O2 Power Private Limited

Alstom Transport India Limited

Asian Development Bank

Work highlights

  • Acted as Indian counsel to International Finance Corporation, Asian Infrastructure Investment Bank and another DFI in respect of their financing of a SECI 300MW AC solar project.
  • Advised Export Development Canada, MUFG Bank and another international bank on their secured, external commercial borrowing provided to Azure Power Forty One Private for a SECI 300MW solar power project.
  • Advised Bharat BroadBand Network and the Department of Telecommunications in floating a tender for development and upgrade of the BharatNet network on a PPP basis in Madhya Pradesh.

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas is highlighted for its 'in-depth knowledge in the sector'; it regularly advises consortiums of international commercial and development banks on high-profile, large-scale and precedent-setting infrastructure and energy projects. Santosh Janakiram is the key contact in the project finance space, and advises on extending green loan facilities and leads the due diligence checks on projects. Transmission, solar and wind greenfield hybrid projects and waste-management projects are among the areas Janakiram offers support on to lenders. Amey Pathak assists lenders in LNG facilities, and greenfield expressway and highway projects. Ajay Sawhney not only guides lenders on the financing of aviation development projects but also acts on EPC contractual matters on sea-link and wind projects.

Practice head(s):

Santosh Janakiram; Amey Pathak; Ajay Sawhney

Testimonials

‘Cyril Amarchand are experts in advising banks and financial institutions when funding projects in this sector and advise companies in terms of contracts and projects.’

‘They are truly unique in terms of their in-depth knowledge in the sector and their ability to pull off some of the biggest infrastructure deals is commendable.’

‘Subhojit Sadhu is an industry leader in this sector.’

‘Meticulous, excellent understanding and wide knowledge.’

‘Arkoday and Yash Jain have been fantastic to work with.’

Key clients

India Resurgence Fund

Sumitomo Mitsui Banking Corporation

MUFG Bank, Ltd.

Intesa Sanpaolo S.p.A.

Mizuho Bank, Ltd.

Standard Chartered Bank

DBS Bank Ltd.

Société Générale and Siemens Bank GmbH

Standard Chartered Bank

Intesa Sanpaolo

MUFG Bank

SMBC

Rabobank U.A.

DBS Bank

Mizuho Bank

BNP Paribas

Barclays Bank

Deutsche Bank

Siemens Bank

ING Bank

Axis Bank Limited

State Bank of India

Bank of Baroda

Punjab National Bank

Work highlights

  • Advised a consortium of eight international banks on financing the construction of a transmission project owned by Adani Transmission.
  • Acted as Indian legal counsel to the consortium of 12 international lenders on financing four Adani group project companies for setting up 1.69GW of solar-wind hybrid greenfield power projects.
  • Acted as legal counsel to a consortium of domestic lenders providing financial assistance to Nayara Energy Limited.

HSA Advocates

With New Delhi-based partners Hemant Sahai and Soumya Kanti De Mallik leading the projects practice, HSA Advocates continues to flourish. It routinely advises the public sector on legal and regulatory frameworks and PPP models for the implementation and development of industrial townships and greenfield projects in corridors and special economic zones across the breadth of India. The pair often advise the National Industrial Corridor Development and Implementation Trust (NICDIT) on agreements with developers to build and expand sustainable cities. Sahani also supports domestic players in bidding for large-scale solar projects, and domestic industrial entities in contracts and agreements with foreign energy companies. The firm further bolstered its projects practice through the acquisition of Advaita Legal‘s infrastructure team in June 2021, including new partners Monali Dutta, a PPP specialist, and Shailendra Kumar Singh, who is well versed in regulatory matters.

Practice head(s):

Hemant Sahai; Soumya Kanti De Mallik

Other key lawyers:

Monali Dutta; Shailendra Kumar Singh

Key clients

National Industrial Corridor Development and Implementation Trust

Power Finance Corporation

Mytrah Vayu (Sabarmati) Pvt Ltd

L&T Infrastructure Finance Co Ltd

Assystem Group

NITI Aayog

Rural Electrification Company

Kotak Mahindra Bank Ltd

Bank of Baroda

Power Finance Corporation Ltd

Vizhinjam International Seaport Ltd

State Bank of India

Standard Chartered Bank

Bank of Maharashtra

IndusInd Bank

Tepsol Photovoltaic Power Ventures Pvt Ltd

Rural Electrification Corporation

Axis Bank Limited

Indian Renewable Energy Development Agency Limited

World Bank

Work highlights

  • Advised Assystem, a domestic industrial player, on the contractual relationship with EDF for the operational foundations of the Jaitapur project, a nuclear power project.
  • Acting as the sole legal advisor on the institutional framework and local state laws for NICDIT and NICDC for the development of the Zaheerabad National Investment and Manufacturing Zones (NIMZ).
  • Assisted a client with the selection of a private partner for implementing the Vizhinjam International Multi-Purpose Seaport.

JSA Law

JSA Law handles an array of high-profile matters in the infrastructure projects and energy space. Practice co-head Venkatesh Raman Prasad specialises in advising clients on regulatory matters and EPC contracts pertaining to electric vehicles. Fellow co-head Vishnu Sudarsan supports government entities on public procurement matters such as the sale of infrastructure assets, including ports, to major domestic companies for development plans and acquisitions of stakes in infrastructure companies. Sudarsan also assists clients in EPC contract matters in the gas sector and in project risk assessments for international developers in greenfield transport and solar power projects. Ashish Suman provides key support to Prasad and Sudarsan on such matters, while Amit Kapur‘s expertise in handling contentious matters gives the practice an additional dimension. Of note is Kapur’s track record in representing solar and thermal power plant producers against regulatory bodies before the appellate tribunal for remedial relief.

Practice head(s):

Amit Kapur; Venkatesh Prasad; Vishnu Sudarsan

Other key lawyers:

Ashish Suman

Key clients

India Grid Trust

OLA Electric

Hero MotoCorp Limited

Dedicated Freight Corridor Corporation of India Limited

Indian Gas Exchange Limited

Government of India (State Governments of Gujarat, Madhya Pradesh, Maharashtra and Odisha)

Lalitpur Power Generation Company Limited

Bajaj Energy Ltd.

Airports Authority of India

Indian Oil Corporation Limited

NTPC limited

NTPC Vidyut Vyapar Nigam Limited

Oil India Ltd

Selan Exploration Technology Ltd

Reliance Infrastructure Limited

RATP Dev and Transdev Asia

Cargill India Pvt. Ltd

Reliance Communications Limited

Reliance Infratel Limited

Jindal Steel and Power Limited

Oil and Natural Gas Corporation Limited

Hero Future Energies Private Limited

Orange India Power Limited & AT Group

Adani Power

Tata Teleservices

Abellon Private Limited

Hyndai Rotem Company

Candi Solar India

Vestas India

STT Global Data Centres India Private Limited

Orb Energy Private Limited

Talgo India Private Limited

Patentes Talgo SLU

SHV Energy N.V.

Network for Certification and Conservation of Forests

Juniper Networks India Private Limited

Convergence Energy Services Limited

Vedanta Limited

Hindustan Zinc Limited

Talwandi Sabo Power Limited

UltraTech Cement Limited

Becton Dickinson India Pvt. Limited

Khaitan & Co LLP

The ‘solution-oriented and highly competent‘ energy, infrastructure and resources practice at Khaitan & Co LLP stands out for its pan-Indian depth and expertise. Leading the Mumbai team, Akhil Bhatnagar assists international investors and renowned project developers in acquisitions, bidding agreements and consortium agreements not only in India but also overseas. Mumbai-based partners Gahan Singh and Shivanshu Thaplyal regularly advise on structuring projects and the regulatory aspects of renewable, road, airport and other PPP projects and procurement laws. The lead contact for the Bangalore office, Swathy Ramanath notably works on key M&A matters in the energy and infrastructure space involving investors and developers. In Delhi, Dibyanshu, a specialist in M&A work and investment strategies for global energy companies, Anuj Sahay, who specialises in supporting the waste-management sector, Akshay Malhotra, with experience in risk analysis and EPC contracts in project development, and Prateek Bhandari, a key contact for corporate governance for energy-sector companies, together ensure a comprehensive offering in legal services.

Practice head(s):

Dibyanshu; Gahan Singh; Akhil Bhatnagar; Shivanshu Thaplyal; Akshay Malhotra; Swathy Ramanath; Anuj Sahay; Prateek Bhandari

Testimonials

‘Khaitan & Co is my go to for project development or projects and energy M&A in India. Advice is always technical, well-informed, commercial and practical. Delivery and turnaround exceptional.’

‘I work mostly with Dibyanshu, for several years now. To my mind, he is number one for projects and energy in India. He is quiet, not flashy, just gets the job done and the work is always fantastic. I have referred him to others, who have the same view.’

‘The depth of knowledge and professionalism is what makes them a great asset to any transaction.’

‘Shivanshu Thapliyal is a very committed professional, who is a trusted advisor and approachable. He stitches deals with a WIN-WIN attitude.’

‘KCO team is efficient and turn around times are noteworthy.’

‘Swathy Ramanath’s advice is quick, reliable and practical. Ramanath understands procurement requirements, strategies and provides feedback accordingly.’

‘Swathy Ramanath has shown proactiveness when negotiating legal topics in a contract with suppliers and brought in solutions to the table. Her experience and feedback has been appreciated by our internal legal department.’

‘Responsive, solution-oriented and highly competent.’

Key clients

Abdul Latif Jameel Co. Ltd

Acciona Energy India Private Limited

Accurate Commodeal Private Limited

Acme Solar Holdings Limited

Acme Solar Holdings Private Limited

Aditya Birla Renewables Limited

Avaada Energy Private Limited

Artelia Holding Associated

Aluminium Industries Private Limited

Baboon Investments Holding B.V.

Belectric Photovoltaic India Private Limited

Bharat Heavy Electricals Limited

Brookfield Asset Management

Caisse de depot et placement du Quebec

CESC Limited

Cochin Shipyard Limited

Constructora San Jose S.A.

Crompton Greaves Consumer Electricals Limited

Delhi International Airport Limited

Edelweiss Financial Services Limited

Enel Green Power Development Srl

Envision Wind Power Technologies India Private Limited

Eversource Advisors Private Limited

FRV Group

Gazprom EP International B.V.

Global Renewable Synergy Company Limited and Global Power

Synergy Company Limited (forming part of the PTT Group, Thailand

GL Events

GMR Energy Limited

Greatship (India) Limited

GS Engineering & Corporation Limited

Hanwha Energy Corporation Singapore Pte. Ltd.

Henkel Adhesives Technologies India Private Limited

HSI Corporation

Hindustan Ports Private Limited (owned by DP World, Dubai)

I Squared Capital

ICICI Bank Limited

India Infradebt Limited

India Infoline Finance Limited

India Infrastructure Finance Company Limited

India Power Corporation Limited

Indorama India Private Limited

INOX Air Products Private Limited

Inox Green Energy Services Limited

Itochu Petroleum Co., (Singapore) Pte. Ltd

JSW Energy

JetHQ LLC

J.P. Morgan Services India Private Limited

Kalpataru Power Transmission Limited

L&T Finance Limited

L&T Infrastructure Finance Company Limited

L&T Infrastructure Development Projects Limited

Macquarie Infrastructure and Real Assets (India) Private Limited

Ministry of Heavy Industries

Mumbai Cargo Service Center Airport Private Limited

Navayuga Ports Projects Private Limited

NITI Aayog

Nexif Energy Management Pte. Ltd.

Novoco Vistas Corporation Limited

Numaligarh Refinery Limited

O2 Power Private Limited

Oil and Natural Gas Corporation Limited

Osaka Gas Co. Ltd.

Osaka Gas Singapore Pte. Ltd.

Piramal Capital & Housing Finance Limited No

Resurgent Power Ventures Pte. Ltd.

RMG Capital (RMG Acquisition Corporation II)

Sandvik Mining and Construction OY

Sanjose India Infrastructure & Construction Private Limited

Sensus Slovensko A.S.

Solarpack Corporacion Tecnologica, SA

Sterling Agro Industries Limited

Sterlite Power Transmission Limited

Sterlite Grid 4 Limited

Torrent Gas Private Limited

Torrent Power Limited

Total SA

Vedanta Limited

Welspun Enterprises Limited

Work highlights

  • Advised Global Renewable Synergy Company Limited on its subscription of new shares in Avaada Energy Private Limited.
  • Assisted EverEnviro Resource Management Private Limited on the acquisition of a 100% stake in the entire waste management vertical of IL&FS.
  • Advising Numaligarh Refinery Limited on preparing and executing bid processes towards its refinery expansion and capacity augmentation project for the Numaligarh refinery.

Kochhar & Co.

Under the leadership of New Delhi-based partner Pradeep Ratnam, Kochhar & Co.‘s projects and energy team handles new infrastructure mandates including PPPs in healthcare, financial restructuring for borrowers and lenders, solar and waste management projects, EPC matters and biofuel operations for public and private entities across India. Ratnam has core expertise in EPC contractual matters and regulatory guidance; Manish Dembla is a notable litigator; and Parul Verma specialises in the financial aspects of projects. Associate Swapnil Sant supports the practice, advising multinational companies, development banks and contractors in the energy and infrastructure sector across a broad range of matters.

Other key lawyers:

Swapnil Sant

Key clients

Bengal Gas Company Limited

Khargone Transmission Limited

Green Gas Limited

Axis Bank Limited

Tata Cleantech Capital Limited

NIIF Infrastructure Finance Limited

L&T Infrastructure ECC

Radiance Renewables Private Limited

Dinkar Technologies Private Limited

SBI Mutual Fund

Kotak Infrastructure Debt Fund (KIDF)

Jupiter Solar

Piramal Capital & Housing Finance Limited

Arka Fincap Limited

Work highlights

  • Represented Sterlite Power in the refinancing of its power transmission SPV, Khargone Transmission Limited.
  • Advised Axis Bank and Tata Cleantech Capital (as lenders) on financing for one of India’s major renewable energy companies on a 200MW solar project in Rajasthan, India.
  • Advised Planet One Solar on the $10m sale of a cluster of off-grid and on-grid solar projects in Sierra Leone aggregating to 50MW to Frontier Energy.

Link Legal

Link Legal‘s projects, infrastructure and energy practice is renowned for its representation of contractors and domestic and global infrastructure companies in international arbitration and litigation. Atul Sharma handles both contentious and non-contentious matters, with a track record in successfully representing national power corporations before the Supreme Court of India and advising on EPC contracts in the aviation sector. Anand Srivastava leads international arbitration matters and handles the expansion and development of large-scale mixed-use immovable objects. Other areas of focus for Srivastava include EPC contractual matters; he recently advised an international desalination company on liabilities pertaining to the Civil Liability for Nuclear Damage Act, 2010. Milind Jha supports international holding companies on acquisitions of domestic renewable companies. Ravi Varma handles cases involving breaches of construction contracts, while Milanka Chaudhury works on regulatory and contentious matters pertaining to the aviation sector.

Practice head(s):

Atul Sharma; Anand Srivastava; Milind Jha; Ravi Varma; Milanka Chaudhury

Testimonials

‘Link Legal is a team of efficient Corporate Legal advisors with litigation backgrounds, which makes them unique as they understand the judicial and regulatory process vey well.’

‘Link Legal is a relationship-oriented firm and they have long-lasting relationships with their clients. I came in contact with Link legal when they were advising our counter party and I was impressed with their ability to reconcile differing views and close the transaction smoothly.’

‘The team leader and members are very dedicated. Always ready to spare time for issues that emerge suddenly. All team leaders are forthright in their advice to the client and never advise any bypass.’

‘Providing right guidance, timely services and not recommending unnecessary matters. Research and in-depth understanding on the matter makes the representation more effective.’

Key clients

Alstom System India Pvt. Ltd. (India)

Hitachi Rail STS India

Uttar Pradesh Cricket Association (UPCA)

WAISL Limited

Zheneng Capital Holding Co.

IDE Technologies (Israel)

Navayuga Engineering Company Limited

Delhi International Airport Limited (DIAL)

Clean Sustainable Energy Pvt. Ltd.

JSW Severfield Structures Pvt. 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

Rays Power Experts Private Limited

Kasyap Sweetners Limited

IDBI Capital Markets Limited/ NMDC

Maharashtra Tourism Development Corporation

ICICI Securities Limited

Hinduja National Power Corporation Ltd.

Indorama Group

GMR Nagpur International Airport Ltd.

GMR Vishakhapatnam International Airport Ltd.

Indian Oil Skytanking Pvt. Ltd.

Shardul Amarchand Mangaldas & Co

Shardul Amarchand Mangaldas & Co fields one of the market’s strongest project finance practices in the energy and infrastructure sphere. The team can regularly be found advising major asset managers that focus on investments into steel plants, railway constructions, hospitality expansions, transmission projects and wind farms. Heading the practice, Jatin Aneja leads on high-value transactions with an impact on the airport and railway sectors in India. Deepto Roy advises international asset management firms on equity investments into renewable assets of multinational renewable energy companies. Siddhartha Sen works on cross-border acquisitions involving FDI in the road, airport, real estate, and oil and gas sectors. Further bolstering the firm’s project finance expertise, Debashree Dutta and Anurag Dwivedi handle external commercial borrowing, domestic and bilateral loans, and leveraged finance.

Practice head(s):

Jatina Aneja; Deepto Roy; Siddhartha Sen; Debashree Dutta; Anurag Dwivedi

Key clients

OMERS Infrastructure

KCC Katra Expressway Private Limited

State Bank of India

HDFC Bank Limited

Punjab National Bank

South Indian Bank Limited

Canada Pension Plan Investment Board (CPPIB Canada Inc.)

TRIL Roads Private Limited

Trilegal

As regular advisors to a plethora of international energy companies and international investors from Europe and Asia, including investment funds, development banks and sponsors, the projects and energy team at Trilegal works on some of the most lucrative and high-profile acquisitions and foreign investments into India’s renewable energy sector. Based in New Delhi and Mumbai, Neeraj Menon leads the practice. Menon specialises in mergers and acquisitions, project finance and development, assisting investors in due diligence, risk assessments, regulatory advice and contractual matters. Recent work includes advising heavyweight international clients on lending and acquisitions in large-scale solar and wind projects. The depth of the practice is indicated by the involvement of four partners in Gurugram: Saurabh Bhasin, Nayantara Nag, Amar Narula and Rahul Arora. Gautam Chabra and Nikharika Puri were promoted to partner, further strengthening the team. Waste management, railway infrastructure, PPP matters and electric vehicles are other notable areas of projects work handled by the practice.

Practice head(s):

Neeraj Menon

Other key lawyers:

Saurabh Bhasin; Nayantara Nag; Amar Narula; Rahul Arora; Gautam Chabra; Nikharika Puri

Testimonials

‘Sound technical expertise in infrastructure sector, good negotiation skills and timely delivery of quality output.’

‘We have worked with Neeraj Menon, Amar Narula, Saachi Kapoor and Nayantara Nag on a projects related transaction.’

‘The team has been very proactive in their responses on the legal challenges including providing prompt responses grounded in the understanding of the energy sector.’

‘Amar Narula is very hands on in matters and his experience in the Power sector makes him possess great understanding of the regulatory aspects, which has been effective in closing critical issues of the acquisition transactions. He has always been very approachable, available and very responsive in his support and assistance.’

‘Saachi Kapoor is always ready to provide time to work through regulatory issues and is very hands-on active on the transaction providing proactive support.’

Key clients

JERA Power RN B.V.

CDC Group plc

KKR

Asian Development Bank

JSW Renew Energy Limited

JLT Energy 9 SAS

Torrent Power

Ontario Municipal Employees Retirement System (OMERS)

International Finance Corporation (IFC)

responsAbility Investments AG and Belgian Investment

Company for Developing Countries SA/NV – BIO

Perstorp Industries India Private Limited

Copenhagen Infrastructure Partners

Cleantech Renewable Assets Pte. Ltd. (CRA)

Convergence Energy Services Limited (CESL)

I Squared Capital

EverEnviro Resource Management Private Limited

Macquarie Group

Actis Advisors Private Limited

AMNS

DSK Legal

DSK Legal advises on an array of high-value matters across India in the infrastructure, energy and transport sectors. With notable experience in project finance, government contracts and PPPs, Anjan Dasgupta, based in the Mumbai office, provides transactional and regulatory advice in mega-projects. Likewise, Ajay Shaw assists domestic and international clients on inbound investments in both debt and equity funding and restructuring. Dinesh Pardasani, in the New Delhi office, specialises in advising clients on sustainability and energy projects. With the addition of Srinivas B.R., Siddharth Suresh and Brijita Prakash, along with their teams from Dua Associates, the projects team has been further bolstered with real estate expertise fused into infrastructure project advisory. Samir Malik and Avinash Kumar Khard specialise in regulatory and project finance, respectively.

Practice head(s):

Anjan Dasgupta; Ajay Shaw; Dinesh Pardasani; Samir Malik

Other key lawyers:

Rimali Batra

Testimonials

‘Rimali Batra is good.’

Key clients

City and Industrial Development Corporation of Maharashtra Limited

Pune IT City Metro Rail Limited

Brihanmumbai Electric Supply and Transport

INDINFRAVIT TRUST & LTIDPL IndvIT Services Limited (“LISL”)

Maharashtra Tourism Development Corporation Limited

Megha Engineering and Infrastructures Limited

MSI Global Private Limited

Mumbai Port Trust

RITES Limited

Gail (India) Limited

ArcelorMittal Nippon Steel Limited

Aurelius Healthcare Investments BV

Ayursundra BV

Canara Bank

Hindustan Infralog Pvt Ltd

DP World

GMR Hyderabad International Airport Limited

GMR Airports Limited

J M Baxi Group

Phelan Energy Group Limited

Athaang Infrastructure Private Limited

TATA Projects Limited

Udit Infraworld Private Limited

Renew Power Private Limited

UPL Limited

National Investment and Infrastructure Fund Limited

Ministry of Railways, Government of India and RITES Limited

KPMG Restructuring

Cargo Service Center (India) Private Limited and Delhi Cargo Service Center Private Limited

Azure Power Forty-Three Private Limited

Sterlite Technologies Limited

Indian Strategic Petroleum Reserves Limited

Yokohama

Alstom Transport India Limited

Bhilai Engineering Corporation Ltd (BECL)

IDE Water Assets Limited (IDE) (earlier known as IDE Technologies Limited)

Jindal Saw Limited (“JSAW”)

Hitachi Rail STS India Private Limited

GAIL

GHV (India) Pvt. Ltd.

Petroleum and Natural Gas Regulatory Board

Cushman & Wakefield Property Management Services India

GAIL (Gas) Limited and GAIL (India) Limited

ATC TIRES PRIVATE LIMITED

Amazon

Cognita Asia Holdings Pte Ltd

Chirec International School

Work highlights

  • Advising Indinfravit Trust and LTIDPL IndvIT Services on issues arising under the concession agreements, share purchase and other documents.
  • Advising GAIL on the monetisation of its pipeline assets through an InvIT model.
  • Advising RITES Limited and advising Railway Board, Ministry of Railways.

Economic Laws Practice

The projects and energy team at Economic Laws Practice provides specialist advice on high-value projects in the hospitality and energy sectors. In addition to Sujjain Talwar, who has a wealth of experience in handling transactional advisory for infrastructure projects, Aakanksha Joshi likewise assists a range of clients from government bodies to construction companies and international hotel management companies on transactions in the infrastructure sector. With the support of star associate Megha Agarwal, the team routinely works on bidding and contentious matters in the manufacturing, shipping and mining industries.

Practice head(s):

Sujjain Talwar; Aakanksha Joshi

Other key lawyers:

Megha Agarwal

Key clients

Larsen & Toubro (L&T)

Transworld Group

National Investment and Infrastructure Fund

New Silk Route (NSR)

Dubai Port World (DPW)

Greencell Express Private Limited

JMC Projects (India) Limited

Phoenix Mills Limited

Comsol Energy Pvt. Limited

Hindalco Industries Limited

Historic Resort Hotels Private Limited

Turner Project Management India Private Limited

ARSS Bus Terminals Private Limited

Ultratech Cement Limited

L&T Transportation Infrastructure Limited

Work highlights

  • Advised NSR, a large international private equity fund, on a share purchase agreement entered to sell off the stake of the NSR Entities in Ascend Telecom Infrastructure.
  • Advised NIIF, the Government of India’s sovereign fund, along with certain other investors in Ather Energy, an electric scooter maker.
  • Advised L&T on a transaction comprising the sale of its entire shareholding in a special purpose vehicle to Renew Power.

IndusLaw

The boutique energy, infrastructure and natural resources practice at IndusLaw, co-led by Hyderabad-based Deepak Chowdhury and Arun Kumar in Delhi, specialises in land procurements for the development of power plantations, solar energy projects and fuel stations. The pair further assist foreign financial investors and foreign energy renewable companies on regulatory issues relating to the development of infrastructure projects. The capability of the team is far-reaching, with a range of legal support provided on EPC contracts, PPP negotiations and loan agreements on waste management and transport infrastructure projects.

Practice head(s):

Arun Kumar; Deepak Chowdhury

Testimonials

‘With the expertise of Arun Kumar and his team in the infrastructure projects, we were able to effectively negotiate and close our key contracts with our partners. Their contribution was meaningful and effective.’

‘Arun is a great leader with clarity in laws related to the energy sector in India and is always available for his clients even at odd hours.’

‘Arun has been a fabulous leader who understand needs of the clients and always gooes beyond the requirements to help clients.’

Key clients

Atha Group

Axis Green Energy

Brookfield

Greenko Group

Ecoren Energy

Amp Energy

UPC AC Energy

IB Vogt GmbH

Shell India Markets Pvt. Ltd.

Vibrant Energy

WEG Industries

Renew Power

Sunsure Energy

Plaza Premium Lounge Management Limited

Solar Arise India

Adani Green Energy

Think Gas Distribution Pvt Ltd

Tata Communications Limited

Sunday Grids

ABB India Limited

ACT Fibrenet

Work highlights

  • Advised IndiGrid Trust and its special purpose vehicle Kallam Transmission on the drafting, negotiation and finalisation of EPC contracts for the construction of a transmission line project.
  • Advising Malabar Waste Management on the construction and development of an integrated solid waste management project.
  • Acting as advisors to Plaza Premium Lounge Management in relation to its lounge development and setting up project at Kempegowda International Airport, Bengaluru.

Luthra and Luthra Law Offices India

The projects and energy practice at Luthra and Luthra Law Offices India acts for a diverse set of clients, including developers, contractors, domestic and foreign investors and multilateral institutions. Despite the departure of Pallavi Bedi and Prabjot Singh Bhullar, the arrivals of Avirup Nag and Sabrina Afroze from IndusLaw, Piyush Mishra from AZB & Partners and Ishita Gupta from HSA Advocates, as well as the continued presence of Rajiv K. Luthra and Karan Mitroo, has assisted the buoyancy of the practice. Nag focuses on M&A and investment deals for market-leading national renewable energy producers, and advises clients on transactions involving the purchase or sale of energy and infrastructure assets. Deepak Kumar Thakur handles project structuring, pre-development and implementation of projects and project management. With key support provided by associates Afroze and Gupta, the practice continues to advise on negotiating term-sheets, and finalising EPC and O&M contracts.

Practice head(s):

Rajiv K. Luthra; Avirup Nag; Deepak Kumar Thakur; Karan Mitroo

Other key lawyers:

Sabrina Afroze; Ishita Gupta

Key clients

Terraform Global India Private Limited

METKA EGN LTD

Kosmo One Business Park Limited

Fourth Partner Energy Private Limited

IDBI Bank Limited

Amplus Solar Power Private Limited

Rail India Technical and Economic Service Limited

NITI Aayog

A consortium of lenders led by CoöperatieveRabobank U.A., Mumbai Branch

Azure Power Global Limited

SJVN Limited

BRS Ventures Investment Limited

TPAC Packaging India Private Limited

Tepsol Projects Private Limited

Work highlights

  • Advised ReNew Power on its acquisition of the Singoli-Bhatwari Hydroelectric Project.
  • Advised Ayana on its acquisition of a 250MW AC commissioned solar photovoltaic power project in Rajasthan through the 100% acquisition of the equity shares of an SPV.
  • Advised a consortium of lenders led by Rabobank, Mumbai Branch in relation to a facility made available to Renew Solar Urja Private Limited.

Phoenix Legal

Onshore and offshore oil and gas project advisory is a specialism of Phoenix Legal‘s projects and energy team. Co-founding partner Abhishek Saxena is based in the Delhi office, from which he leads on a variety of cross-border deals in the aviation, industrial and LNG production sectors, operating notably on project finance and EPC contract matters. Likewise, Harsh Arora, a banking and finance specialist, counsels domestic and international commercial banks and multilateral agencies on debt and equity investments in Indian energy companies. Alongside Saxena, Pranav Srivastava leads on contractual and transactional design, procurement and construction matters in the oil sector and is a key contact for contentious matters, regularly representing clients in domestic and international commercial arbitration.

Practice head(s):

Abhishek Saxena; Harsh Arora; Pranav Srivastava

Testimonials

‘Excellent domain knowledge. Significant international transaction experience. Intensive partner involvement. Value for money.’

‘Abhishek Saxena is knowledgeable, analytical and has excellent judgement on issues because of his experience. He has an excellent commercial understanding which distinguishes him from others.’

‘Pranav Srivastava is competent and logical.’

Key clients

State Bank of India

HDFC Bank Limited

SBI Capital Market Limited

Höegh LNG AS

TARC Limited

Work highlights

  • Advised Höegh LNG on the LNG import terminal in Jaigarh, Maharashtra, India.
  • Advised SBI Capital Market on the structuring of a procurement transaction.
  • Advised State Bank of India on formulating and finalising drafts of financing and security documents in connection with the financing of a city gas distribution project.

Saraf and Partners

The team at Saraf and Partners  has extensive expertise across infrastructure, energy and natural resources projects. It advises on both domestic and international projects providing a full service which includes documentation negotiations and financing and investment aspects. Founding partner Mohit Saraf offers decades of experience across projects relating to telecoms, airports and roads in addition to power and energy matters; his level of expertise is such that he has been involved in advising the government of India on draft policies. A key name in the practice is Bikash Jhawar who focuses on the corporate M&A side and also assists clients with navigating Indian foreign investment regulations and practices.

Practice head(s):

Mohit Saraf;  Bikash Jhawar

Other key lawyers:

Abir Lal Dey

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 NoONGC Tripura Power Company (“OTPC”)

Candi Solar

Stoa S.A

SB Energy (SoftBank Group)

Hyderabad Metro Rail Limited

Spice Route Legal

A core strength of Spice Route Legal‘s projects and energy practice is the range of legal services provided for its diverse list of clients operating in the alternative fuels, fuel technology and renewable sectors. For co-founder and head of the alternative energy, sustainability and e-mobility practice and corporate, M&A and private equity group, Praveen Raju advises international and domestic clients in the solar, electric mobility, infrastructure and energy drone technology, and hydrogen fuel cell technology segments. Raju offers advice on acquisitions and inward investment, in particular matters pertaining to O&M agreements, EPC contracts and land acquisitions for constructing and expanding energy-related tech facilities. Alongside Raju, star senior associate Janhavi Joshi helps clients navigate regulations and advises them on foreign inward investments into their companies through share purchases. The pair deal extensively with contractual and transactional arrangements.

Practice head(s):

Praveen Raju

Other key lawyers:

Janhavi Joshi

Testimonials

‘Spice Route Legal is a unique gem. They are strategic, business-minded thinkers who are able to provide practical solutions.’

‘The team is flexible and able to incorporate complexities of US-governed entities. They respond at all hours of the day and night and are highly-skilled. They treat me as if I am their only client, when I know they have many.’

‘The partners place a great emphasis on diversity in hiring outstanding women to be part of their team.’

‘Praveen Raju is very smart and business-minded. He is focused on developing outstanding talent and has cultivated an incredible group of attorneys to support him, allowing his team to shine.’

‘Janhavi Joshi is an absolutely outstanding attorney. Janhavi understands what is important from both a legal and business perspective, and is able to focus on resolving issues quickly and efficiently. She also spends a lot of time training her team. She is highly responsive. She is an absolute rock-star.’

‘They can handhold you through the entire transaction, almost like they are part of the internal team. They are approachable and easy to deal and interact with. Great support for lean in-house legal teams.’

‘Praveen Raju – competent, always available, good negotiator, reliable and trustworthy, especially for M&A matters. His practical advice is highly valued within the company.’

Key clients

SunEdison Infrastructure

Indian Power Corporation Limited (IPCL)

Aerem Solutions

Gro Solar Energy RA

Hitachi India Energy Ltd

Lighthaus B.V.

Mytrah Mobility

Orxa Energies

Sistema Bio

SenseHawk Technologies Private Limited

South Lake One LLC

Fenice Investments

Ohmium International

MLR Auto

Shareholder of ANI Technologies (OLA Cabs)

Work highlights

  • Advised IPCL (Indian Power Corporation Limited) as consortium leader on its bid in response to the Indian government’s request for proposals to scale up ACC battery cell manufacturing.
  • Assisted US-based company Ohmium International in general corporate advisory such as shareholder, employment and non-disclosure agreements, and O&M mandates.
  • Assisting SunEdison Infrastructure on strategic tasks such as the demerger of multiple solar businesses and a report on 25 solar projects.

BRUS CHAMBERS, Advocates & Solicitors

BRUS CHAMBERS, Advocates & Solicitors is highly regarded for its robust shipping practice and regularly advises on projects related to the maritime and shipping sector, such as the expansion and development of ports. In addition, the team, based in Mumbai and led by Shrikant Hathi and Uttam Hathi, with support provided by Pritish Das and Aanchal Chaurasia, undertakes a range of projects and infrastructure mandates. Advising energy companies to set up a bio-diesel plant and acquire renewable energy plants, assisting infrastructure development firms on expanding and setting up industrial parks for manufacturing purposes, and counselling a global spice manufacturer on its expansion give a flavour of the broad scope of the firm's offering.

Practice head(s):

Shrikant Hathi; Uttam Hathi

Other key lawyers:

Pritish Das; Aanchal Chaurasia; Suhail Farooqui

Testimonials

‘The team was fantastic and excellent in advising, negotiating and settling terms of all the agreements for our oil project.’

‘Brus Chambers team is very knowledgeable on infrastructure and oil and gas projects and litigation and arbitration matters.’

‘A robust team of legal experts with significant local and regional experience, particularly in infrastructure, construction, projects, oil and gas and energy sectors.’

‘Brus Chambers team are expert in all facets of projects, infrastructure, oil and energy.’

‘Excellent team work with fantastic knowledge delivering work at low fees.’ 

‘The team has excellent ties with numerous Asian and European infrastructure and energy companies, advising clients on joint ventures or collaborated projects in India.’

‘Uttam Hathi and Shrikant Hathi have vast experience across a range of infrastructure and energy and power projects throughout India and lead an ‘impressive‘ team that includes Suhail Farooqui, a specialist in cross-border M&A, aviation, infrastructure and energy.’

‘Brus Chambers has a young, energetic and results oriented team that is easily accessible, user friendly and prompt in replying.’

Key clients

Shree Krishna Stevedores Pvt Ltd

Aarohi Polypack

UltraTech Cement

Tekla Bio-Energy

NTPC

Zykaa Spices & Food Pvt Ltd

Aayana Renewable Power

IFFCO Tokio General Insurance

Ford Motor Company

Garden Reach Shipbuilders & Engineers (GRSE)

Kolkata Port Trust

Avvashya CC Logistics Pvt Ltd

Hiranandani Energy

Ujaas Energy Ltd

GMR Infrastructure

JA Solar

Techno Electric Engineering

Hindustan Construction Co. Ltd

HCC Concessions Ltd

Dhamra Port Company Ltd

Kandla Port Trust (KPT)

Work highlights

  • Advising Tekla BioEnergy on its bio-diesel plant at Nagpur and Akola in Maharashtra.
  • Assisting NTPC on a 100MW solar project at Dondaicha Solar Park at Dhule, Maharashtra.
  • Advising Zykaa, a spice manufacturer, exporter and supplier of Indian spices worldwide, in its expansion by obtaining licences and approvals for use of agricultural land for spice production.

Dhir & Dhir Associates

Steered by the trio of Alok Dhir, Purusharth Singh and Guranpreet Singh Sarna, Delhi-based firm Dhir & Dhir Associates is well versed in due diligence processes on project developers, and debt investments for power and infrastructure projects. With experience in project finance and capital markets, Sarna routinely advises both lenders and borrowers on the financing of wind, solar, hydro and waste management projects across India. The scope of work handled by the team also includes drafting of financing and security documents, conducting due diligences on project documents and issuing enforceability opinions on transaction documents.

Practice head(s):

Alok Dhir; Purusharth Singh; Guranpreet Singh Sarna

Other key lawyers:

Shikha Singh

Testimonials

‘The effective legal solutions on transactions in a time bound manner from the team comprising Guranpreet Sarna and his team members provides a sense of comfort.’

‘The personal attention given by the team members is also a testimony to their commitment towards the transactions.’

‘Guranpreet Sarna, Shikha Singh and their team members provide effective legal advice coupled with their personal attention to each of transaction.’

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

PTC India Financial Services Limited

Work highlights

  • Advised the lenders, REC and IREDA, on Suzlon Group’s refinancing of existing facilities.
  • Acted as legal counsel for the lender, Power Finance Corporation, for the purposes of Kukru Wind Power’s repayment of the existing project indebtedness for a 50MW wind power project.
  • Assisted PTC India Financial Services on financial assistance for Tasoula Energy Private for the purposes of financing a solar power project in Maharashtra.

Fox Mandal & Associates

Ramanathan Chandrasekaran leads Fox Mandal & Associates‘ infrastructure and project finance practice. Chandrasekaran predominantly works on concession agreements and EPC contracts on a range of areas from energy storage facilities to water treatment projects and domestic construction companies. Also present in Chennai, Jeevanandham Rajagopal advises domestic manufacturing companies on contractual relationships with renewable energy companies for the maintenance and operation of wind projects, and supports joint ventures between energy companies for renewable energy projects. Bangalore-based partner Prashantha Kumar, who has expertise in real estate, routinely conducts land title due diligences for the acquisitions of land for solar and wind projects in the southern states.

Practice head(s):

Ramanathan Chandrasekaran; Jeevanandham Rajagopal; Prashantha Kumar

Key clients

Tamil Nadu Housing Board

Workday India Pvt. Ltd

Pinnacle Hospitals Pvt Ltd.

Gateway Office Parks Pvt Ltd

SPR Construction Pvt Ltd

Khalghat Sendhwa Tollways Private Limited

Eagle Shri Shri Jamner Pvt Ltd

PCIL HAM Belhe Shikrapur Private Limited

Turnkey Enterprise Private Limited

Renew Power Ventures Private Limited

Jigajinagi – Jagtap Solar Power Private Limited

EMMVEE Photovoltaic Power Private Limited

Viviid Renewables Private Limited

Asian Fab Tec Private Limited

M/s Growth Street Solar Private Limited

Vena Energy Vidyuth Pvt. Ltd,

Radiance Solar Private Limited

CSE Development India Pvt Ltd

JRK Solar Private Limited

EDF Renewables

Work highlights

  • Advised Hyundai Rotem Company on contractual recourse and advisory on extension of time (EOT) claims for rolling stock.
  • Advised Eos Enterprise on the supply of storage batteries to the prime owner for approximately $14m.
  • Acted as legal consultant to JLL for the development, operation and maintenance of 4 star/5 star category hotel.

Juris Corp

Juris Corp‘s projects and energy team predominantly advises foreign and domestic financial institutions. New Delhi-based partner Ankit Sinha supports international and domestic lenders in structuring term loan facilities for domestic companies with business interests in engineering, construction, manufacturing and the supply of goods and services for operating projects. In Mumbai, Saurabh Sharma acts for banks in infrastructure and renewable energy financings.

Practice head(s):

Ankit Sinha; Saurabh Sharma

Key clients

Axis Bank Limited

Bank of Baroda

State Bank of India

Birla Corporation Limited

Punjab National Bank

Reliance Industries Limited

DBS Bank Ltd.

DBS Bank India Limited

Japan International Cooperation Agency

Provenance Land Private Limited

ICICI Bank Limited

Housing Development Finance Corporation Limited

Union Bank of India

Work highlights

  • Advised Australia and New Zealand Banking Group, Hongkong and Shanghai Banking Corporation, Crédit Agricole, DBS Bank and MUFG Bank in relation to a green loan financing to REC Solar.
  • Advised Axis Bank, Bank of Baroda, ICICI Bank, State Bank of India and Punjab National Bank along with HDFC Bank on granting credit facilities to Jio Digital Fibre.
  • Advised multiple banks on a financing project, including on the relevant regulatory requirements.

Krishnamurthy and Co

Krishnamurthy and Co advises banks, investors, developers and energy companies on equity and debt financing for a range of renewable energy and infrastructure projects. The projects and energy practice has a pan-Indian presence, with lead partners Rukmini Roychowdhury located in Mumbai and Rashmi Deshpande, who joined from Khaitan & Co. in 2021, in Bengaluru. As such, the team is strategically placed to advise clients on land title acquisitions, leasing and due diligence for the construction and development of solar projects across India for renewable companies.

Key clients

Reliance Industries Limited

HDFC Bank Limited

Arize Renewables Private Limited

Radiance MH Solar Power Pvt. Ltd.

SWAMIH Fund

Saurya Urja Co.

Mitsui & Co. Ltd.

Bank of Baroda

Canara Bank

Punjab National Bank

Axis Bank Limited,

Phoenix ARC

Oriental Bank of Commerce

State Bank of India, Punjab and Sindh Bank

Lulu Group

DivyaSree Developers Private Limited

Anheuser Busch Inbev India Limited

Kshema Power and Infrastructure Company Private Limited

Work highlights

  • Advised Reliance Industries on its acquisition of a 40% stake in SWSL, an entity engaged in providing solar energy turnkey solutions.
  • Advised HDFC Bank on a term loan facility issued for Borosil Renewables.
  • Advised Arize Renewables in relation to the loan facility issued by Tata Cleantech Capital.

Legacy Law Offices

At Legacy Law Offices, the vastly experienced Gagan Anand is regularly sought out by private construction companies, lenders and government agencies for consultations on the development and implementation of projects across a variety of infrastructure sub-sectors. In Chandigarh, Shalini Munjal, who was recently appointed co-managing partner, provides transactional support for PPP projects across diverse sectors and also advises on EPC contracts. Madhav Sharma supports clients on evaluating bids for infrastructure and energy projects, drafting and vetting concessions and O&M contracts. Also in Chandigarh, associate Eshjyot Walia has contributed to the successful completion of multiple projects in Punjab, Haryana and Himachal Pradesh. Assisting clients in bio-fuel projects is a recent development of the firm’s projects, infrastructure and energy practice.

Practice head(s):

Gagan Anand; Shalini Munjal; Madhav Sharma

Other key lawyers:

Eshjyot Walia

Testimonials

‘Legacy Law Offices LLP is a firm with great lawyers and distinctive expertise in the field of projects and energy. Their work is impeccable and flawless, with visible determination. I am extremely happy with their services.’

‘Gagan Anand is a master in the field of P & E and works with perfection. The vastness of his knowledge in the field is outstanding. I have valued his input and work in all our projects and admire the determination shown by his team of associates.’

‘Projects and energy is the niche of Legacy Law Offices LLP and such expertise has been attained by them through years of hard work. We have been acquainted with the firm for a range of projects and have found their quality of work to be exceptional.’

‘Legacy Law Offices LLP possesses an extraordinary knowledge of the projects sector and has an unmatched intellect in the same. All the Partners and Associates that are engaged in this field are extremely hard working and reliable.’

‘Gagan Anand has gravitas when it comes to the field. His guidance and past experience have helped us attain the successful completion of various projects.’

‘Gagan Anand is a man of honour. I have been in business with him for a long time and all that I have learned and observed is that his work is always of impeccable quality, with no error. Shalini Munjal and Madhav Sharma are remarkable lawyers and have always added quality to their work.’

‘Shalini Munjal and Madhav Sharma are extremely proficient and are the driving force in our projects. Their teams of Associates are also well-trained to counter every situation carefully.’

‘We have been swayed by the kind of experience and professionalism reflected by Gagan Anand, Shalini Munjal and Madhav Sharma. The strength shown by this team is reflective of their love for the practice.’

Key clients

PPP Authority, Prime Minister’s Office, Government of Bangladesh

Bureau of Energy Efficiency

Bihar Electricity Regulatory Commission (BERC)

Nava Raipur Atal Nagar Vikas Pradhikaran (NRANVP)

Al Madinah Region Development Authority (MDA)

Dedicated Freight Corridor Corporation of India Limited (DFCCIL)

Haryana International Horticultural Marketing Corporation Limited (HIHMCL)

Haryana Shehri Vikas Pradhikaran (HSVP)

Punjab State Container and Warehousing Corporation Limited (CONWARE)

Usha Breco Limited

Telecommunications Consultants India Limited (TCIL)

Bhogpur Co-operative Sugar Mills

Himachal Pradesh Infrastructure Development Board (HPIDB)

International Consultants & Technocrats Pvt. Ltd.

Intercontinental Consultants & Technocrats Pvt. Ltd.

Anandjiwala Infra Advisory Pvt. Ltd JV

Morinda Cooperative Sugar Mills Limited

National High Speed Rail Corporation Ltd.

National Horticulture Board

Punjab Infrastructure Development Board (PIDB)

REC Power Development and Consultancy Limited (RECPDCL)

REC Transmission Projects Company Limited (RECTPCL)

Tamil Nadu Infrastructure Development Board (TNIDB)

Work highlights

  • Advised National High Speed Rail Corporation Limited (NHSRCL) on the development and construction of India’s first bullet train project.
  • Advised on the takeover and development of a container freight station facility.

S&A Law Offices

S&A Law Offices specialises in dispute resolution in cases relating to projects and infrastructure. As arbitration and litigation experts, Manoj Kumar Singh, Gunita Pahwa and Nilava Bandyopadhyay have successfully represented companies in the waste management, solar energy, port development and road construction sectors in disputes concerning contractual breaches.

Practice head(s):

Manoj Kumar Singh; Gunita Pahwa; Nilava Bandyopadhyay

Key clients

JITF Urban Waste Management (Jalandhar) Ltd.

Adani Vizag Coal Terminal Private Limited

JITF Urban Waste Management (Ferozepur) Ltd.

Parsa Kente Collieries Limited (PKCL)

Forest Certification Limited Liability Company

JMC Projects (India) Limited

Vindhyachal Expressway Private Limited

Kurukshetra Expressway Private Limited

Vikram Solar Limited

Shristi Infrastructure Development Corporation

Jindal ITF Limited

Jindal Saw Limited

Samvad Partners

Under the leadership of Vineetha MG, the projects and energy team at Samvad Partners is particularly active in project finance. The team provides a robust offering in this field, with recent highlights including advising domestic banks on restructuring loan facilities for a construction company and assisting domestic wind and solar project developers on structured financing for the construction and implementation of renewable projects. The team saw the departure of M&A specialist Harish Narasappa in May 2022, but promoted key practitioner Sitara Pillai to partner.

Practice head(s):

Vineetha MG

Other key lawyers:

Sitara Pillai

Key clients

Continuum Wind Energy (India) Private Limited

Continuum Power Trading (TN) Private Limited

HDFC Bank Limited

LOGOS Fund

L&T Infrastructure Finance Company Limited

Morgan Stanley Infrastructure

ICICI Bank Limited

India Infradebt Limited

Reliance Jio

Trinethra Wind And Hydro Power Private Limited

Watsun Infrabuild Private Limited

Yes Bank Limited

Work highlights

  • Advised Morjar Windfarm Development on setting up and implementing a 148.5MW greenfield wind power project.
  • Assisted ICICI Bank on granting a rupee term loan facility and overdraft facility to Khalghat Sendhwa Tollways for refinancing.

Sarthak Advocates & Solicitors

Sarthak Advocates & Solicitors advises energy companies engaged in providing renewable and sustainable services on restructuring their financial agreements. Abhishek Nath Tripathi leads the restructuring and insolvency practice at the firm and as such is well versed in assisting both borrowers and lenders on loan and security agreements. Tripathi also regularly works alongside disputes expert Mani Gupta in arbitration and insolvency proceedings.

Practice head(s):

Abhishek Nath Tripathi; Mani Gupta

Testimonials

‘Abhishek Nath Tripathi and Mani Gupta give their personal attention to any matters and they are very hands on, encouraging juniors to do extensive research work, who are themselves equally involved in matters.’

Key clients

S. Surendra/ Coastal Projects Limited

Bharat Heavy Electricals Limited

Jal Power Corporation Limited

Siddhi Vinayak Power Generation and Distributors Private Limited

Exit10 Marketing Private Limited

IAP Company Private Limited

Singhania & Partners LLP

Singhania & Partners LLP has a well-established practice in the project, infrastructure and energy space. Its recent highlights include supporting government entities on vetting concession agreements for the construction of LNG and port facilities, advising investors on wind projects, and supporting lenders on the debt financing of solar power projects. Abhimeet Sinha, Dipak Rao and Ravi Singhania lead the practice from New Delhi.

Practice head(s):

Abhimeet Sinha; Dipak Rao; Ravi Singhania

Key clients

Wind Five Renergy Private Limited

National Highways Authority of India

Deloitte Touche Tohmatsu India Pvt Ltd

Gujarat Maritime Board

K.P.I Global Infrastructure Limited

Power Finance Corporation Limited (PFCL)

SJVN Thermal Private Limited

Shakti Clearing Agency Private Limited

Clean Solar Power (ChitraDurga) Private Limited (CSPCPL)

Talettutayi Solar Projects Five Pvt. Ltd.

Sembcorp Green Infra Limited

Work highlights

  • Assisted National Highways Authority of India in the legal vetting of model concession agreements for multi-modal logistics parks (MMLPs).
  • Provided legal and transaction advisory services along with technical due diligence to Deloitte Touche Tohmatsu India for the development of the 600MW Omkareshwar floating solar project.
  • Counselled Gujarat Maritime Board (GMB) in the legal vetting of the supplementary concession agreement being entered into by Petronet LNG, GMB and the Government of Gujarat for the development of a second LNG jetty.

Sumanto Basu & Associates

Sumanto Basu & Associates is a boutique firm based in New Delhi focusing on projects and energy. With founding partner Sumanto Basu at the helm, the firm’s core competence and expertise lies in the oil and gas sector and in port infrastructure projects. Various government and non-government oil and gas majors turn to the team for assistance in a range of transactions, concession agreements and mandates involving constitutional, legal, regulatory and policy advice, covering upstream, midstream and downstream projects. Nishita Malik and Ipshita Ahuja are key supporting partners.

Practice head(s):

Sumanto Basu

Other key lawyers:

Nishita Malik; Ipshita Ahuja

Testimonials

‘A focused and knowledgable team.’

‘Excellent partner level commitment.’

‘Good turn around time.’

‘Sumanto Basu is extremely knowledgeable. His sincerity and understanding of key client concerns makes him stand out from the competition.’

Key clients

Bharat Petroleum Corporation Limited

GSPC LNG Limited

Work highlights

  • Advising Bharat Petroleum (a Government of India company) on an proposed LNG sale and purchase agreement on high seas.
  • Advising IMC Limited on issues regarding its CGD authorisation for the development of the CGD network in Solapur.