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.
Projects and energy in India
Cyril Amarchand Mangaldas
Practice head(s):
Other key lawyers:
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.
Other key lawyers:
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.
Practice head(s):
Other key lawyers:
Testimonials
‘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
Kyotherm
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
INMARSET
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 LLP
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.
Practice head(s):
Dibyanshu ; Gahan Singh; Akhil Bhatnagar; Shivanshu Thaplyal; Swathy Ramanath; Akshay Malhotra; Anuj Sahay
Testimonials
‘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 Co. Parul 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.
Practice head(s):
Other key lawyers:
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.
Practice head(s):
Rajiv Luthra; Pallavi Bedi; Deepak Kumar Thakur; Priyanka Singh; Prabjot Singh Bhullar
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.
Practice head(s):
Other key lawyers:
Testimonials
‘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):
Other key lawyers:
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
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
JERA
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.
Practice head(s):
Other key lawyers:
Testimonials
‘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.
TOTAL SE
BAIN CAPITAL
Bharat Broadband Network Limited
AMP Capital
First Solar
Zurich Airport International AG
Norfund
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.
Practice head(s):
Testimonials
‘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):
Other key lawyers:
Key clients
INKEL Limited
IndusLaw
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):
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
NextEnergy
Berkeley Energy
ReNew Power
Amplus
AMP Energy
Engie
Enel
Statkraft
AC Energy/UPC Energy
SB Energy Private Limited
Cleantech Solar (a Shell company)
JCB
Autostrada
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.
Practice head(s):
Abhishek Saxena ; Saket Shukla ; Sawant Singh; Manjula Chawla; Pranav Srivastava; Vasanth Rajasekaran ; Aditya Bhargava ; Gautam Bhatikar
Other key lawyers:
Testimonials
‘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
ICICI Bank
Standard Chartered Bank
Toshiba
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):
Other key lawyers:
Testimonials
‘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):
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.
Practice head(s):
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.
Practice head(s):
Jeevanandham Rajagopal; Chandrasekaran Ramanathan; Prashantha Kumar
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.
Practice head(s):
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.
Practice head(s):
Testimonials
‘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
CONWARE
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):
Testimonials
‘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
HDFC Bank
LOGOS Fund
L&T Infrastructure Finance Company Limited
ICICI Bank
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.
Practice head(s):
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):
Other key lawyers:
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):
Key clients
SunEdison Infrastructure (client since 2018)
CPS Oil and Gas Equipment
22Motors
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.