Projects and energy in India

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas is one of the first ports of call for transactions (including acquisitions) in the renewable energy space, in which the practice receives instructions from leading domestic and international lenders, manufacturers and developers. The department has extensive experience in drafting and negotiating project agreements in various infrastructure sectors, including power, airports, oil and gas, ports, roads and railways, and is also adept at advising clients on various forms of concession agreements, as well as cross-border financing structures. L Viswanathan has particular expertise in regulatory aspects of large-scale energy projects, while Santosh Janakiram leads on mandates pertaining to renewable energy, and is involved in bond and structured debt financing. Another key practitioner is Amey Pathak, who is active in the financing of infrastructure projects.

Practice head(s):

Cyril Shroff; L. Viswanathan; Santosh Janakiram

Other key lawyers:

Ajay Sawhney; Amey Pathak; Subhalakshmi Naskar

Testimonials

‘Cyril Amarchand Mangaldas fields a market leading team, which is technically strong, highly practical and commercially aware.’

‘Santosh Janakiram is highly responsive and gives practical and commercially astute advice.’

 

Key clients

State Bank of India

Canada Pension Plan Investment Board

Adani Group

Greenko Group

ReNew Power

International Finance Corporation

Azure Group

SoftBank Energy

GVK Group

Asian Development Bank

L&T Finance Limited

GMR Group

Engie

Work highlights

  • Acted as Indian legal counsel to a consortium of lenders led by the State Bank of India  on the formulation and implementation of a resolution plan (outside the IBC framework) involving the acquisition of SKS Power Generation (Chhattisgarh) Limited and settlement of all obligations of the company with respect to the debt facility extended by the lenders (approximately $826m).
  • Advised a consortium of 18 lenders, led by the State Bank of India, on one of the largest transactions (in terms of size of the debt) involving resolution of the stressed power companies outside the insolvency proceedings ($859m).
  • Acted as lenders’ counsel for YES Bank Limited (Lender) on the financial assistance of $874m granted by Yes Bank Limited for the financing of India’s first national highway projects developed on a toll, operate and transfer (TOT) basis undertaken by nine SPVs (borrowers) promoted by Macquarie Group.
  • Acted for Adani Transmission Limited on its acquisition of the Mumbai Power business of Reliance Infrastructure Limited comprising of the electricity distribution, transmission and generation business ($1.7bn).
  • Advised International Finance Corporation, Yes Bank Limited and L&T Infrastructure Finance Company Limited, as lenders, on the $256m financing granted to Arinsun Clean Energy Private Limited and Mahindra Renewables Private Limited for the purpose of setting up a 500MW (250MW each) ultra-mega solar power project in Rewa, Madhya Pradesh.

Economic Laws Practice

With a strong understanding of regulatory issues, Economic Laws Practice provides comprehensive legal services covering all issues from the inception of a project up to financial close, construction and operation. The firm fields a team with multi-disciplinary knowledge which is able to offer its expertise in transaction and investment structuring coupled with a deep understanding of project documentation. The practice stands out for its experience in acting as foreign counsel to multinational clients in other jurisdictions, as well as for its proven track record handling infrastructure disputes. The team's advice spans all sectors of projects, energy and infrastructure, with a recent foray into the field of nuclear energy. Sujjain Talwar has extensive experience in private sector participation initiatives concerning infrastructure projects in India and abroad. Joint ventures and private equity transactions in the infrastructure and hospitality space are some of Aakanksha Joshi's areas of expertise.

Practice head(s):

Sujjain Talwar; Aakanksha Joshi; Babu Sivaprakasam; Naresh Thacker; Ashish Prasad

Key clients

SAMHI Hotels Private Limited

BLA Power Private Limited

Turner Project Management India Private Limited

Nuclear Power Corporation of India Limited

L&T

Dubai Ports World

Welspun Enterprises Limited

Stellar Value Chain Private Limited

CRH Plc

Fomento Resorts and Hospitality

Island Star Mall Developers Private Limited

Chips Health Limited

Exide Industries Limited

INKEL Limited

Integrated Mumbai Business Park (India) Private Limited

Hindustan Ports Private Limited

Doit Smart Infrastructure (India) Private Limited

Work highlights

  • Assisted Somerset Indus Healthcare India Fund and Somerset Indus Healthcare India Fund II with their investments in the healthcare/hospital space in India; work involved conducting a due diligence exercise on the target companies (Apex Hospitals Private Limited) and negotiating transaction documents.
  • Advised Exide Industries Limited on its investment of up to 30% of the total equity share capital of CSE Solar Sunpark Haryana Private Limited (“Cleantech”), which would be used by Cleantech for setting up captive solar power projects.
  • Advising Hindustan Infralog Limited (a joint venture of Dubai Ports World and NIIF) on reviewing the request for qualification cum proposal for the selection of a co-developer for development, operation and maintenance of processing zone/free trade warehousing zone at the Special Economic Zone at the Jawaharlal Nehru Port.
  • Advising INKEL Limited, as minority shareholder in Calicut Express Private Limited, on the latter’s entry into a concession agreement with the National Highways Authority of India on the construction, operation and maintenance of the National Highway No. 66 in the State of Kerala on a hybrid annuity or design, build, operate and transfer basis.
  • Assisting Chips Health Limited, a Cayman Islands entity, with its 53.42% acquisition of fully diluted shares in the target by way of share subscription, which included conducting due diligence on the target companies (i.e. Empowerm Mobility Solutions Private Limited) and its subsidiaries.

HSA Advocates

HSA Advocates fields a well-established practice handling large-scale projects covering roads, airports, ports, oil and gas, conventional as well as renewable energy transactions. The firm is noted for its experience in the project finance and PPP market in India, having also been involved in multiple international projects across Asia, Africa and South America. An area of particular focus is the energy sector (namely renewable energy), evidenced by the strong track record in greenfield power generation projects. Hemant Sahai is a key name for environmental law matters. Soumya Kanti De Mallik's sectoral expertise encompasses nuclear energy, industrial corridors, smart cities and airports. Akshay Malhotra is involved in project development as well as dispute resolution with an emphasis on PPP. The team has recently undergone some changes: key projects' senior partner Anjan Dasgupta departed to DSK Legal, while project finance expert Amit Charan joined from SNG & PARTNERS.

Practice head(s):

Hemant Sahai; Ramya Hariharan; Soumya Kanti De Mallik; Rachika A Sahay; Amit Charan; Geeta Saha; Harsh Arora

Other key lawyers:

Akshay Malhotra

Key clients

ACME Cleantech Solutions

SB Energy (Softbank Group)

Sembcorp India

CleanMax Solar

RAVI Renewable Energy and Lighting (India)

Mytrah Energy

GMR Group

Northern Operating Services

CIDCO Limited (Navi Mumbai International Airport Project)

Ministry of Road, Transport and Highways/ National Highways Authority of India

MIHAN Limited/ Maharashtra Airport Development Company Limited

Mumbai Port Trust

Shanghai SIIC Transportation Electric Co., Ltd., China

Arinsun Clean Energy Private Limited, backed by Actis Energy Fund

International Finance Corporation (IFC)

Solenergi Power Private Limited, Mauritius (Energy Fund Platform for Actis GP, LLP London)

State General Reserve Fund (SGRF)

Tata Reality

Niti Aayog

Fortum

SPRNG Energy

Tata Power

Work highlights

  • Advising City Industrial Development Corporation Limited on all aspects regarding the Navi Mumbai International Airport project, which is currently the world’s largest greenfield PPP airport.
  • Acted as legal counsel to the Ministry of Road, Transport and Highways/ National Highways Authority of India, advising on the drafting and finalisation of the bidding documents including the request for proposal, concession agreement and various project agreements therein, for the award of the first bundle of nine toll national highways on toll-operate-transfer basis.
  • Advising Mumbai Port Trust on the potential termination and related aspects of the license agreement for the OCT Project, due to failure of any possible settlement between the Parties.
  • Advising the Ministry of Economy and Finance, Kingdom of Cambodia on an O&M arrangement for establishment of rice/paddy warehouse networks as collateral financing arrangements for users in Cambodia ($400m).
  • Acted as the legal advisers to the NITI Aayog on preparing the model concession agreement for supply, operation and maintenance of electric buses in urban areas on public private partnership.

J Sagar Associates

With extensive industry knowledge, J Sagar Associates is recognised for working on cutting-edge projects and advising on the development of new model structures and forms of concession in a range of sectors, namely aviation, railways, mining, oil and gas. Apart from assisting clients with investment structures, M&A transactions and joint ventures in the infrastructure space, the team is also adept at advising on project development pertaining to smart cities, municipal infrastructure and telecoms as well as representing clients before regulatory authorities. Amit Kapur focuses on sector-related dispute resolution and transactions, while private equity funding concerning transport, energy and infrastructure is an area of expertise for Venkatesh Raman Prasad. Vishnu Sudarsan leads advice to clients on development, procurement, investment and regulatory issues during the life cycle of any project.

Practice head(s):

Amit Kapur; Venkatesh Raman Prasad;

Other key lawyers:

Ashish Suman; Vishnu Sudarsan

Testimonials

‘Extremely well qualified and experienced in the infrastructure, regulatory and policy sectors. The firms’s input, whether as individuals or as a team, has been invaluable.’ 

‘Amit Kapur and Vishnu Sudersan provide extremely efficient and practical advice.’

Key clients

Airports Authority of India

Indian Oil Corporation

NTPC Limited

NTPC Vidyut Vyapar Nigam Ltd

Oil India Ltd

Selan Exploration Technology

Reliance Infrastructure

RATP Dev and Transdev Asia

Talgo

Vestas

Cargill India Pvt Ltd

Reliance Communications and Reliance Infratel

Jindal Steel and Power

ONGC

Hero Future Energies

Orange India Power & AT Group

Adani Power

Tata Teleservices

Sterlite Grid

GVK Power

Sembcorp India

TATA Power

Talgo Group

Pune Metro Region Development Authority

GMR Power

Sistema Shyam

Energy Efficiency Services Ltd

Tata Power Delhi Distribution

BSES Rajdhani Power Pvt Ltd

BSES Yamuna Power Pvt Ltd

Bagmane Developers

Engie Group

Greenko Group

Mytrah Energy

Cerner Corporation, USA

Cisco WebEx Cloud Collaboration Technology Group

Accenture Services

GigSky India Pvt Ltd

WebEx Communications India

INMARSET

Devas Multimedia

Aircel Ltd

Tata Sky Broadband

NTT Communications

Intuitive Surgical, Inc.

Work highlights

  • Advising Airports Authority of India on the privatisation of six brownfield airports at Ahmedabad, Guwahati, Jaipur, Lucknow, Mangaluru and Thiruvananthapuram under the new civil aviation policy (approximately $1bn).
  • Advised Pune Metropolitan Regional Development Authority, government of Maharashtra, on the private delivery of the first metro rail project in India being developed on a PPP basis under the New Metro Policy 2017 (approximately $1.2bn).
  • Advising state governments including government of Gujarat (Industries and Mines Department); government of Maharashtra (Industries, Energy and Labour Department); government of Odisha (Department of Steel & Mines); government of Telangana (Industries & Commerce Department) on first of its kind public electronic auctions of mineral blocks granting mining leases/ composite licences.
  • Successfully represented Tata Power Delhi Distribution Power before the Supreme Court of India in defining the roadmap and legal framework of the Comptroller and Auditor General of India in the audit of private entities engaged in public utility services.
  • Representing BSES Discoms, before the federal regulator- Central Electricity Regulatory Commission in a matter concerning a recovery of electricity tariff by NTPC Ltd., by considering incorrect values of quality of coal (fuel).

Khaitan & Co.

Khaitan & Co.'s team brings together the firm's expertise in transactions, project and structured financing, bid support and regulatory advisory across mandates in the energy, infrastructure and resources sectors. The practice maintains longstanding relationships with clients operating in the oil and gas sector, while also helping others navigate India's burgeoning renewables and hydro-power energy markets. A key name for ports and airport-related projects, the department advises on the acquisition of equity stakes, as well as infrastructure development. Leading the team is Akhil Bhatnagar, who often advises clients on their overseas acquisitions of natural resources across Africa, Australia and South America, Dibyanshu Sinha and Gahan Singh.

Practice head(s):

Dibyanshu Sinha; Gahan Singh; Akhil Bhatnagar

Other key lawyers:

Shivanshu Thaplyal; Jhinook Roy

Work highlights

  • Advised Total Gaz Electricite Holdings France S.A.S on the sale of a 26% shareholding held by the client in Hazira LNG Private Limited and Hazira Port Private Limited  to Shell Gas B.V, resulting in Shell holding 100% shareholding in both companies.
  • Advised TNB Topaz Energy Sdn. Bhd. (subsidiary of Tenaga Nasional Berhad) on its investment in GMR Bajoli Holi Hydropower Private Limited, which is engaged in the construction and development of a run-of-river hydro-electric power project, of up to $32m (approx.) by way of subscription to compulsorily convertible debentures and equity shares.
  • Advising Torrent group on its investment in several city gas distribution projects in India, assisting with structuring, drafting, negotiation, finalisation and closing of the transaction, followed by developing the gas supply agreements for sale of gas.
  • Advised CESC Limited, a conglomerate with investments in power generation, power distribution, retail, business process outsourcing, information technology, real estate and entertainment, on a proposed restructuring through a composite scheme of arrangement.
  • Advised CESC Limited on its appointment as a distribution franchisee of Maharashtra State Electricity Distribution Company Limited post award of letter of intent, for the distribution and supply of electricity in Malegaon Urban I, II & III sub-divisions and five villages of Malegaon Rural Sub-Division under Malegaon Circle.

L&L Partners Law Offices

L&L Partners Law Offices advises the full range of stakeholders on major infrastructure projects. The team assists with the review, tender and preparation of bid documentation for project development, foreign direct investment, external commercial borrowing relating to the financing of projects, as well as regulatory and environmental matters. Dispute resolution pertaining to distressed projects is another core area of activity. Rajiv Luthra has advised on multiple projects related to renewable energy, particularly solar power, while Mohit Saraf is also noted.

Practice head(s):

Rajiv Luthra; Mohit Saraf

Other key lawyers:

Bikash Jhawar; Avinash Subramanian

Work highlights

  • Advising on the implementation of the Hyderabad Metro Rail Project, including assisting with project management-related aspects.
  • Advised STOA, a French infrastructure and power investment company, on its potential participation in a windfarm platform joint venture in India including conducting due diligence on the wind projects in India, reviewing, negotiating and finalising the joint venture agreement, and assisting with the signing of the agreement and closing of the initial project.
  • Conducted a legal vendor due diligence on the Indian subsidiaries of Fortum, which develop and own solar projects, on the sale of an indirect equity stake in these companies and continued advisory on the same for the investment.
  • Advised Cube Highways Pte Limited on its proposed purchase of shareholding held by HCC Constructions and its group entities in Farakka Raiganj Highways Limited, an SPV which owns and operates a national highway based on a concession agreement entered into with National Highway Authority of India.
  • Acted for the lenders SBI and Yes Bank Limited on the capex facility and  working capital facility granted to Adani Electricity Mumbai Limited (erstwhile REGSL) to refinance the loans of Reliance Infrastructure Limited.

Shardul Amarchand Mangaldas & Co

Shardul Amarchand Mangaldas & Co is at the forefront of project finance and PPP projects. The firm's broad service offering covers power purchase and concession agreements, EPC contracts, security arrangements, and other related legal advisory work in the areas of oil and gas, power, airports, roads, ports and railways. The practice particularly excels in LNG sale and purchase agreements, and also advises on debt reconstruction and restructuring. Practice head Jatin Aneja has extensive experience in infrastructure, project finance and investment across a range of sectors including energy (conventional and renewable). Power projects, namely those relating to power transmission, is an area of special interest for V. R. Neelakantan; while Prashant Sirohi focuses on project finance and Deepto Roy regularly advises on dispute resolution and regulatory issues.

Practice head(s):

Jatin Aneja

Other key lawyers:

V.R. Neelakantan; Deepto Roy; Prashant Sirohi

Testimonials

‘The projects team is dedicated, hard working and smart. Deepto is excellent in negotiations and has the ability to effectively put points across and propose solutions which work commercially for both parties.’

‘Deepto is an excellent lawyer and is commercially and solution oriented.’

‘Dnyanraj Desai is smart, hardworking and always available to address last minute issues. His ability to perform under pressure is admirable.’

Key clients

National Infrastructure and Investment Fund

Canada’s largest pension investment managers

Invenire Energy Private Limited

Abu Dhabi National Oil Company

Bharat PetroResources Limited

Brookfield Asset Management

State Bank of India

Indusind Bank Limited

The Indian Hotels Company Limited

Work highlights

  • Acted for Invenire Energy Private Limited (a special purpose vehicle of Atyant Capital Management Limited, Atyant Capital India Fund -I and its affiliates) on the acquisition of Tata Petrodyne Limited, which is the oil and gas arm of the TATA group.
  • Advised Abu Dhabi National Oil Company on its arrangement with Indian Strategic Petroleum Reserves Limited for the petroleum reserve based in Mangalore ($400m investment).
  • Advised Bharat PetroResources Limited (a wholly owned subsidiary company of Bharat Petroleum Corporation Limited) on a bid for exploration and production concession of oil and gas in Abu Dhabi, UAE.
  • Advising Brookfield Asset Management Inc., Brookfield Infrastructure Partners L.P. and other affiliates (collectively “Brookfield”) on the acquisition of the East West Pipeline (a cross-country pipeline between Kakinada in Andhra Pradesh and Bharuch in Gujarat) from East West Pipeline Limited (a Reliance Group company).
  • Assisting the State Bank of India (part of a consortium of lenders) with financial assistance granted to JSW Steel Limited for the expansion of the steel-making capacity of the plant located at Dolvi Works, District Raigad, Maharashtra from 5 MTPA capacity to a capacity of up to 10 MTPA capacity.

Trilegal

Trilegal is regularly involved in some of the most innovative and complex energy and infrastructure projects, with extensive experience cutting across sectors, including oil and gas, renewable and conventional energy, nuclear power as well as urban infrastructure, transport and water and waste management. Private sector clients, multilateral agencies and government entities seek the practice's advice on the development of clean-tech projects at all stages, including pumped hydro energy storage, electric vehicles and hyperloop. Department head Akshay Jaitly is an active contributor to the policy debate on sector-related issues, particularly in the area of renewable energy. Project development and financing matters are typical mandates for Saurabh Bhasin.

Practice head(s):

Akshay Jaitly

Other key lawyers:

Saurabh Bhasin; Neeraj Menon; Nayantara Nag; Amar Narula

Key clients

Engie

International Finance Corporation

EDF India

General Electric

Japan Bank for International Cooperation

Roadis

CLP India

Sembcorp Energy India

Leclanché

Alfanar Energy

Work highlights

  • Advised IFC and the government of the Republic of Fiji on the upgrade, development, operation and maintenance of Lautoka and Ba Hospitals situated in Fiji on a PPP basis.
  • Advised CLP Group on the sale of its 40% stake in CLP India Private Limited and entry into a strategic partnership with Caisse de dépôt et placement du Québec’s, which is one of the largest strategic investments in the Indian power sector.
  • Advised on the sale of Ostro Energy, Actis’ renewable energy business in India, to Renew Energy, which created India’s largest renewable energy company.
  • Acted for Engie on its joint venture with Stoa Infra and Energy for the implementation of a platform to develop wind projects in India.
  • Assisted Leclanché S.A., one of the world’s leading energy storage solution companies, headquartered in Switzerland, with forming a joint venture with Exide Industries Limited, India’s largest manufacturers of lead acid storage batteries and power storage solutions providers.

AZB & Partners

AZB & Partners advises on the entire life cycle of projects from bidding to financing, development and operation, drawing upon the firm's strength in dispute resolution, funds and capital markets. The practice has wide-ranging experience in handling high-profile green and brownfield projects, including those relating to power generation and transmission, renewable energy, mining and waste management, as well as urban infrastructure. Leading project finance lawyer Bahram Vakil jointly heads the department, which also assists with the setting up of Special Economic Zones and LNG projects. Swathy Pisharody's areas of expertise include infrastructure and project financing. Gautam Saha is also noted. Corporate and infrastructure partner Aditya Periwal joined from L&L Partners Law Offices and Qais Jamal has been promoted to partner.

Practice head(s):

Bahram Vakil; Prashanth Sabeshan; Gautam Saha

Other key lawyers:

Ambarish Mohanty; Qais Jamal; Swathy Pisharody

Testimonials

‘The team is responsive, thorough and very good at explaining Indian law issues.’

‘The firm has excellent lawyers. Their responsiveness and clarity is highly valued.’

‘Lawyers are very knowledgeable and always available.’

Key clients

Ascendas Singbridge & Sembcorp Development Group

Asian Development Bank

ORIX Corporation (ORIX)

Asia Climate Partners General Partner Ltd; and AEP Investments (Mauritius) Limited (a group entity of Olympus Capital Asia)

Cube Highways and Infrastructure Pte. Ltd

Resurgent Power Ventures Pte. Ltd

Hindustan Petroleum Corporation Limited

DP World Limited

General Electric Company

Fairfax, through FIH Mauritius Investments Limited

MAIF Investments India 3 Pte. Ltd.

VTB Capital Plc & VTB Bank

Canada Pension Plan Investment Board

DP World Limited

Work highlights

  • Assisted with the drafting and negotiation of the concession and development agreement and the shareholders’ agreement, along with ancillary documents in relation to one of the first PPP projects through a Swiss challenge bidding route on this scale to develop a greenfield capital city in India.
  • Advised Asian Development Bank on regulatory matters and structuring of its proposed financing to the Indian Railways Finance Corporation (by way of an external commercial borrowing) for the project of the Ministry of Railways for the electrification of existing railway tracks spread across 13 states in India.
  • Advised Orix in its capacity as a shareholder of Infrastructure Leasing and Financial Services (IL&FS) as well as subsidiaries of IL&FS operating wind power projects, on the potential insolvency situation of the IL&FS Group.
  • Advised Asia Climate Partners General Partner Ltd and Olympus on selling their consolidated stake of 36.95% in Skeiron Renewable Energy Private Limited to Wind Power Projects (Mauritius) Limited.
  • Advised VTB Capital Plc & VTB Bank on a structured finance transaction of $1.75bn to certain offshore Essar Group entities, which have various assets across the core sectors of energy, infrastructure, metals and mining.

Bharucha & Partners

With particular prominence in the transport logistics sector, Bharucha & Partners focuses on infrastructure projects, covering ports, railways and roads, among other areas. Alka Bharucha has significant experience in the power sector. Co-head Justin Bharucha specialises in financing structures for projects pertaining to the energy sector, namely wind power.

Practice head(s):

Alka Bharucha; Justin Bharucha

Other key lawyers:

Kaushik Moitra; Sonam Gupta;

Key clients

Macquarie group

Fortum Finsurya Energy Private Limited

Adani Green Energy Limited

Orient Green Power Company Limited

Orange Renewable Private Limited

Flora Energy

Safeway Concessions

Kalpataru Power Transmission Ltd

Vestas Wind Technology India Private Limited

JM Baxi Group

Work highlights

  • Advised MAIF 2 Investments India 2 Pte. Ltd. (in consortium with Ashoka Buildcon Limited (O&M Partner)) on being granted the concession for the first toll operate transfer project of the National Highways Authority of India (NHAI), comprising of a bundle of nine National Highways across Gujarat, Orissa and Andhra Pradesh ($1.5bn).
  • Advised Vodafone Idea Limited (then Idea Cellular Limited) and its wholly-owned subsidiary, Aditya Birla Telecom Limited, on the proposed merger of Indus Towers Limited (Indus) with Bharti Infratel Limited.
  • Advised MAIF Investments India Pte Ltd on its acquisition of two operational plants generating solar power in Telangana from Canadian Solar and its affiliates.
  • Representing Fortum Finsurya Energy Private Limited before the Appellate Tribunal for Electricity in an appeal filed by the client against an order of the Madhya Pradesh Electricity Regulatory Commission, in respect of tariff charges for import of power.
  • Representing Orient Green Power Company Limited before the Delhi High Court in a dispute concerning power supplied under the open access regulations in India.

BRUS CHAMBERS, Advocates & Solicitors

BRUS CHAMBERS, Advocates & Solicitors acts for clients in the private and public sector on all phases of projects, including regulatory issues, risk management, bidding, financing, engineering and construction. The practice is regularly instructed to handle projects within the energy, oil and gas, mining, ports, roads and urban infrastructure sectors. Sector-related contentious matters also feature on the firm's caseload, for which co-head Shrikant Hathi is noted, particularly for commercial litigation and international arbitration. Uttam Hathi is another name to note.

Practice head(s):

Shrikant Hathi; Uttam Hathi

Testimonials

‘Uttam Hathi and Pritish Das and other lawyers have extensive experience and are prompt in responding. More importantly they advise to the point, they show us the road map in advance, indicating the options available and guiding us as to how we should take our business forward.’

‘The entire team has got really good business sense.’

‘The team does a lot of background research work, understands the case, the technicalities, and advises clients on the strengths and weaknesses of cases and arbitration proceedings.’

‘Shrikant Hathi is really great at oil, gas and engineering project and shipping work.’

‘The team’s industry knowledge is outstanding.’

Key clients

NTPC

Lakshmi Machine Works

Zykaa

ThyssenKrupp AG

TPSC (India) Private Limited

IFFCO Tokio General Insurance

Ford Motor Company

Shrushti Developers

Chedda Group

Garden Reach Shipbuilders & Engineers (GRSE)

Kolkata Port Trust

Avvashya CC Logistics Pvt Ltd

Hiranandani Energy

Swan LNG and Swan Energy

Ujaas Energy Ltd

Mitsubishi Corporation

GMR Infrastructure

JA Solar

Techno Electric Engineering

Adani Ports and Special Economic Zone (APSEZ)

Aegis Group

Madhucon Projects Ltd

Work highlights

  • Assisting NTPC with the 100MW solar project at Dondaicha Solar Park in Maharashtra under EPC model and advising on other solar energy projects across the country including the proposed acquisition of Barauni thermal plant to enable NTPC to have a 100% stake in Nabinagar and Kanti JV projects.
  • Advising Lakshmi Machine Works, a manufacturer of textiles and CNC Machine tools, on the setting up of a wholly owned subsidiary in Singapore and Dubai.
  • Advising Swan LNG and Swan Energy, on the construction of an LNG terminal with ancillary structures for its floating storage and re-gasification unit (FSRU) project at Jafrabad, in the state of Gujarat.
  • Assisting TPSC (India) Private Limited, a subsidiary of Toshiba Plant Systems & Services Corporation, (Toshiba Group Company) with turbine-driven equipment installation agreements for 11 projects comprising of 22 turbines in India and Nepal.
  • Advising Hiranandani Energy on jetty construction for the floating storage and re-gasification unit (FSRU) project at Jaigarh port in Ratnagiri district of Maharashtra.

DSK Legal

DSK Legal advises on tender documentation, bids, consortium arrangements, EPC contracts and concessions. The projects, energy and infrastructure department also has experience acting in sector-related disputes and regulatory matters. Other areas of expertise include climate change projects, such as energy trading schemes as well as required licenses and permissions, namely trading of Renewable Energy Certificates. Ajay Shaw, who acts for private companies and governmental entities, jointly heads the team with Anjan Dasgupta, who joined from HSA Advocates in April 2019. Dasgupta is involved in every aspect of the development, financing, construction, operation and acquisition of capital-intensive projects and facilities around Asia, the Middle East and Africa; he has wide-ranging expertise in the infrastructure and energy sectors. The practice was further strengthened by the arrival of Avinash Kumar Khard from HSA Advocates, renewable energy projects' expert Anuja Tiwari who joined from Trilegal, and Dinesh Pardasani who joined from Link Legal - India Law Services.

Practice head(s):

Anjan Dasgupta; Ajay Shaw; Anuja Tiwari

Other key lawyers:

Ravi Prakash; Avinash Kumar Khard; Ashish Pahariya; Samir Malik

Testimonials

‘The team is very responsive and proactive. A team you can definitely trust for any deal in India.’

‘Anjan Dasgupta is one of the best lawyers I have found when working abroad.’

‘Mr. Anjan Dasgupta is one of the most well-known infrastructure projects lawyers. He is an expert in resolving issues instantly.’

Key clients

Ministry of Railways, Government of India

Ministry of Power, Government of India

Public Works Department, Government of Maharashtra

Delhi Metro Rail Corporation

PSA International, Singapore

GAIL India Limited

Indian Oil Corporation

NITI Aayog (erstwhile Planning Commission of India)

First Solar India

Alstom India Private Limited

National Highway Authority of India

National Thermal Power Corporation

City & Industrial Development Corporation of Maharashtra Limited

Maharashtra Airport Development Company Limited

Mumbai Port Trust

Compañía Española de Financiación del Desarrollo S.A. (“Cofides”)

Abengoa

Keolis

National Investment and Infrastructure Fund Limited (NIIF)

State Bank of India

Work highlights

  • Assisting the Ministry of Railways, Government of India and RITES Limited with the contract administration of the procurement-cum-maintenance agreement executed with Madhepura Electric Locomotive Private Limited, which is an SPV floated by Alstom Manufacturing India Limited, for the setting up of an electric locomotive factory in Madhepura, Bihar, India.
  • Acting as consultants to Delhi Metro Rail Corporation and RITES Limited on the tender for leasing of rolling stock on Delhi Metro’s green line.
  • Assisting Sail with floating a tender for selection of a private partner to manage its townships across various states in India.
  • Advising City & Industrial Development Corporation of Maharashtra Limited on the construction and development of the Navi Mumbai International Airport Project.
  • Advising Pune IT City Metro Rail Limited on implementing the Pune Metro Rail Line – III of the Metro Rail Project on a PPP basis.

IndusLaw

Fielding a strong reputation for M&A and investment related matters in the energy, infrastructure and natural resource sector, IndusLaw also assists with cross-border and regional projects, including development and bid advisory. The practice has particular experience preparing and negotiating concession, off-take, EPC, O&M and supply agreements. Advising clients on complex financing arrangements is another strength for the department, where Avirup Nag stands out for his involvement in an array of deals in the power, transport, oil and gas sectors. Deepak Chowdhury, Arun Kumar, and Nishant Singh are also noted.

Practice head(s):

Avirup Nag; Deepak Chowdhury; Arun Kumar; Nishant Singh

Key clients

Canadian Solar

Enel

Engie

Autostrada

GE Renewables

FMO

Renew Power

Statkraft

Berkeley Energy

Hydreq

Amplus

AMPSolar

British Petroleum (Singapore)

Fotowatio Renewable Ventures (FRV)

I-Squared Capital

Agritrade Resources Ltd.

UPC Renewable

Vedanta (Cairn Energy)

Equicap

Suzlon Energy Limited

ABB India Limited

JCB

Korys Investment

India Power Corporation Limited

MYRA Investment

SITAC

Sprng Energy

Ahana Renewables

AimSir

Work highlights

  • Advised ReNew Power Limited on all aspects of the development of a 300MW wind power project in Ghadsisa, Gujarat.
  • Advised Enel Green Power’s Indian subsidiary, BLP Energy Private Limited, on the development of a 285MW wind power project in Gujarat.
  • Advised Canadian Solar, one of the leading players in the solar power sector, on the sale of its entire equity stake in Amun Solarfarms Private Limited and Avighna Solarfarms Private Limited.
  • Advised Engie, the global energy services group , on the acquisition of a 90% equity stake in in Simpa Energy India Private Limited and 100% equity in Simpa Solar Home Systems India Private Limited, which sell solar power systems on financing and/or lease arrangements.
  • Advised Evergreen Power on negotiating and executing split EPC contracts with Suzlon and KP Energy Private Limited for the development of a 31.5MW wind power project in Gujarat.

Kochhar & Co.

Kochhar & Co. is renowned for providing comprehensive legal advice on all aspects of large-scale projects, right from the bidding stage to project financing, execution and dispute resolution. The practice predominantly receives instructions from international lenders, contractors as well as public sector entities. Practice head Krishna  Vijay Singh regularly acts in complex contentious matters in the domain of infrastructure and energy projects (domestic and overseas), and Avichal Prasad has significant experience in PPP projects.

Practice head(s):

Krishna Vijay Singh

Other key lawyers:

Avichal Prasad

Link Legal - India Law Services

Link Legal - India Law Services is a one-stop shop for infrastructure projects and is well equipped to provide end-to-end services from the bidding stage, through to contracting, financing, restructuring, regulatory issues and dispute resolution. Fielding a team of specialists across varied sectors, including but not limited to roads, airports, railways, industrial corridors and smart cities, the firm also advises on evolving fields such as ropeways, sports and infrastructure investments trusts. The practice enjoys a longstanding relationship with the Japanese market, with a dedicated desk which advises Japanese companies on their business affairs in India. Atul Sharma, who specialises in the airport sector, is noted for his expertise in transport infrastructure development. Anand Srivastava is also noted. Dinesh Pardasani left the firm to join DSK Legal.

Practice head(s):

Atul Sharma; Anand Srivastava

Key clients

Alfanar Energy

Alstom Transport India Ltd

IDFC Alternatives

IDE Technologies

State Bank of India (SBI)

GMR Highways Limited, GMR Energy Limited and GMR Infrastructure Limited

GMR Hyderabad International Airport

KMC Group

WAPCOS Limited

Ramky Group

Essel Group

Gas Authority of India Limited

Navayuga Engineering Corporation Ltd.

Ansaldo STS

Larsen &Toubro

Continental Engineering Corporation Taiwan (CEC)

National Automotive Testing and R&D Infrastructure Project (NATRiP)

Work highlights

  • Advised Mahindra Susten Private Limited on the negotiation of the EPC contract in relation to the first utility scale renewable energy plant in Skaka, the oil capital of Saudi Arabia.
  • Advising GAIL, the largest state-owned natural gas processing and distribution company in India, on the bidding for the renewable energy assets of an infrastructure company.
  • Advising Global Infrastructure Partners India LLP on all legal and regulatory issues concerning its bids for participating in the privatisation of six brownfield airports in India.
  • Advising Rapid MetroRail Gurgaon Limited  and Rapid MetroRail Gurgaon South Limited on issues arising out of the concession agreements for the development of a metro link in Gurgaon from Sikanderpur to NH-8 and Sikanderpur to Sector 56 respectively on a design, build, finance, operate and transfer basis.
  • Advising the National Industrial Corridor Development & Implementation Trust (NICDIT) on all legal and regulatory aspects relating to airport development in India along with drafting of the shareholders agreement to be executed between AAI, government of Gujarat and NICDIT for the development of a greenfield airport.

Phoenix Legal

Project financing, development work, regulatory advisory, corporate transactional matters and project-related disputes are all typical instructions for the team at Phoenix Legal. The practice advises on the legal aspects of the entire supply chain of crude refined products, gas and LNG, power generation (from wind, hydro, biomass to solar projects), as well as power transmission and distribution. Abhishek Saxena focuses on cross-border deals and projects in diverse sectors including IT, industrial, manufacturing, hospitality and aviation; while Sawant Singh is experienced in project finance. Pranav Srivastava acts for clients in transactions and high-value commercial disputes in relation to infrastructure projects.

Practice head(s):

Abhishek Saxena; Saket Shukla; Sawant Singh; Manjula Chawla; Vasanth Rajasekaran; Pranav Srivastava; Aditya Bhargava

Key clients

I Squared Capital

Atlantic Gulf and Pacific Company of Manila

HPCL Shapoorji Energy Pvt. Ltd.

Adient India Private Limited

Work highlights

  • Advised I Squared Capital, a private equity firm focusing on global infrastructure investments, on its bid for city gas distribution licenses in India under the 9th round of CGD bidding conducted by the government of India.
  • Drafting and negotiating bid documents including RFQ, RFP and EPC contracts for HPCL Shapoorji Energy Pvt. Ltd. concerning the client’s plans to set up the Chhara LNG Terminal with a capacity of 5 MMTPA.
  • Assisted Adient India Private Limited with the preparation of an agreement and negotiation of a turnkey project pertaining to the construction of a research and development facility to carry out the business of designing and manufacturing vehicle seats on the said plot of land.
  • Advised Atlantic Gulf and Pacific Company of Manila, a large Philippine multinational engaged in the business of setting up and operating LNG terminals and gas distribution networks, on its bid for CGD licenses in India under the ninth round of CGD bidding conducted by the government of India.

Advaita Legal

The contracts, infrastructure and projects practice at Advaita Legal provides comprehensive advice on PPP projects, bid documentation, contracts as well as concession agreements and financing structures, among others. The firm fields a team of regulatory experts who have long-term experience of a gamut of legal issues in various sub-sectors, including airports, mining, railway, energy, social and urban infrastructure (smart cities, MRTS projects and healthcare). Shailendra Singh has extensively advised on renewable and conventional power projects, while Monali Dutta focuses on transportation, PPP projects, renewables and EPC contracts.

Practice head(s):

Shailendra Singh; Monali Dutta

Key clients

Airport Authority of India

Andhra Pradesh Drinking Water Supply Corporation

Andhra Pradesh Mineral Development Corporation

Madhya Pradesh Directorate of Health and Family Services

Indian Ports Rail Corporation Limited

GMR Hyderabad International Airport Limited

Andhra Pradesh Airports Development Corporation Limited

Nashik Smart City Corporation

Renew Solar Power Private Limited

Essar Power Corporation of India Limited

GMR Power Corporation of India

Kudgi Transmission Limited

Madhya Pradesh Power Management Company Limited

Work highlights

  • Advised Airport Authority of India and Ministry of Civil Aviation on the transaction structure for greenfield airports under the new initiative of ‘NextGen Airports for Bharat Nirman’ (NABH Nirman).
  • Assisted Gwalior Smart City Development Corporation Limited with the preparation of bid documents for projects ranging from infrastructure works to implementing a one-of-its-kind bus network in the city of Gwalior.
  • Advised Inland Waterways Authority of India on the bid processes for developing the asset management and operation framework of the Ganga-Bhagirathi-Hooghly river system.
  • Representing GMR Power before the Supreme Court in an energy  dispute, which is one of the first cases where damages have been awarded against Tangedco (a distribution licensee) and in favour of a private generator.
  • Assisted Indian Port Rail Corporation Limited with the acquisition of an equity stake in the Barithengarh-Ratnagiri Chord Line project.

Advaya Legal

The projects and energy practice at Advaya Legal assists with the preparation of concession agreements, EPC contracts,  joint bidding agreements and advises on project structuring and financing, as well as regulatory aspects. Department head Ramesh Vaidyanathan is an experienced corporate lawyer, who is also proficient in handling complex mandates in sectors including airports, railways, power and telecoms.

Practice head(s):

Ramesh Vaidyanathan

Dhir & Dhir Associates

Dhir & Dhir Associates  provides commercial advice on contract negotiations, and assists clients with regulatory issues and attendant documentation, namely concession and development agreements, EPC contracts and power purchase agreements, among others. The team is also adept at advising on project structuring and financing as well as  assisting with the bidding process and in the setting up of joint ventures and infrastructure funds. Co-head Girish Rawat specialises in project finance, which is also an area of expertise for Guranpreet Sarna. Siva Gopinatham left the firm in October 2018.

Practice head(s):

Alok Dhir; Girish Rawat

Other key lawyers:

Guranpreet Sarna

Testimonials

‘The individual lawyers are always available to provide timely updates, answer queries, and provide closure oriented solutions.’

Key clients

National Aluminium Company Limited (NALCO)

AMP Solar Private Limited

Solar Pack

GRT Jewellers India Private Limited

INR Energy Ventures

L&T Finance Company

Fortum India Private Limited

Xander Finance Private Limited

ACME Group of Companies

Work highlights

  • Advised National Aluminium Company Limited on acquisition/ setting up and construction of wind farm projects with total capacity of 25MW across various locations in the state of Tamil Nadu, which included due diligence on land parcels.
  • Assisted AMP Solar on matters pertaining to the acquisition of land for the construction of a solar power project at various locations in the state of Rajasthan.
  • Acted for Solar Pack on conducting land due diligence and advising on the setting up and construction of 95MW solar power project at different locations undertaken by separate SPVs across various locations in the state of Karnataka.
  • Advising GRT Jewellers (India) Private Limited on the composite supply of a solar power-generating system, along with the general conditions and schedules for setting up and construction of various solar power projects.
  • Assisted INR Energy Ventures, which is proposing to set up and construct a 45MW solar PV-based power plant in Karnataka, with the acquisition of Belgaun Solar Power Private Limited and Mamadapur Solar Pvt. Ltd (group companies of Rays Power India Private Limited).

Dua Associates

Dua Associates handles matters related to power, oil and natural gas, non-conventional sources of energy, mining and telecoms projects, handling transactions, development and litigation. In the energy sector, the team is adept at advising on the establishment and management of power generation, distribution and transmission projects; the practice also has particular strength handling restructuring matters and development of airports.

Gagrats

Gagrats receives instructions from domestic and overseas power companies and state-owned electricity boards on a range of matters, including IPPs, co-generation projects, standby power purchase agreements, wind power and more recently nuclear power projects. On the infrastructure side, the practice has particular expertise in special economic zones, airport, telecoms and MRO facilities. Rustam Gagrat has extensive experience in power purchase agreements and aviation-related projects, which is also an area of core activity for Uma Nagarajan.

Practice head(s):

Rustam Gagrat; Haseena Tapia Shahpurwalla; Krunal Gadhia; Rajnni Kuttyy; Uma Nagarajan; Arpana Dhariwal

Halder & Associates

Boutique law firm Halder & Associates  is regularly retained by  developers, multilaterals and governments to assist with infrastructure projects across Asia and Africa. Ajoy Halder leads the team which has expertise in conventional and renewable energy transactions, namely solar power, advising on bidding processes, land acquisition, PPP, EPC as well as mergers and acquisitions. Other areas of activity for the department include project finance and project development in the oil and gas sector.

Practice head(s):

Ajoy Halder

Other key lawyers:

Priyanka Havelia

Testimonials

‘The team knows the industry well and is capable of handling a complex deal in an efficient way.’

‘They are straightforward with their opinions and advice so that the client will be able to make a quick commercial decision.’

Key clients

International Financing Corporation (IFC)

Asian Development Bank (ADB)

Climate Policy Initiative (CPI)

Alstom

SEPCOIII

NASSCOM

China Harbour

Work highlights

  • Acted for IFC on the development of the $1.4bn Clark International Airport on a PPP basis; work involved assisting with structuring of the project, bankability analysis, drafting of the transaction documents (including EPC and O&M concession agreement) and bid advisory.
  • Advising ABD on all rooftop solar projects that it is funding (debt) through its $500m commitment in India.
  • Advising on the development of 1600MW thermal power project to be jointly developed by SEPCOIII in India with Adani.
  • Advising Nasscom on an online skill development programme on a PPP basis, including on the structuring of the transaction, documentation and regulatory aspects of the transaction.
  • Assisting Kerala State Electricity Regulatory Commission (through ADB) with 20MW rooftop solar projects in Kerala, including regulatory advice, structuring of the transaction, bankability issues and drafting of the bid documents.

Juris Corp

With significant expertise in the project finance sphere, Juris Corp is also well equipped to advise on project documentation pertaining to various sectors, including power (wind, solar, thermal and hydro), railways, ports/airports, steel, mining as well as oil and gas. The practice is jointly headed by Jayesh H, Nand Anand, who is experienced in cross-border financing requirements, and Pratish Kumar, whose specialisms include all types of debt transactions.

Practice head(s):

Jayesh H; Nand Anand; Pratish Kumar

Majmudar & Partners

The projects, energy and infrastructure practice at Majmudar & Partners is experienced across greenfield and brownfield projects, project finance as well as EPC contracts and concession agreements. The team also undertakes advisory and regulatory work in sectors including oil and gas, ports,  roads and renewable energy. Managing partner Akil Hirani oversees the department, which also includes M&A and restructuring expert Rukshad Davar.

Practice head(s):

Akil Hirani

Other key lawyers:

Rukshad Davar

Key clients

Elementis Holdings Limited

Givaudan (India) Private Limited

Schlumberger Solutions Private Limited

Work highlights

  • Advised Elementis Holdings Limited on its EPCM contract concerning a new greenfield factory in India; work included assisting with the deal structure, tax and contract law matters.
  • Advising Givaudan (India) Private Limited on the establishment of a large manufacturing plant in Pune, Maharashtra, including assisting with preparing various contracts, including a manpower hiring contract, a consultancy services agreement and a project management services agreement.
  • Advising  Schlumberger on its Indian operations.

Mulla & Mulla & Craigie Blunt & Caroe

Led by Shardul Thacker, the projects and energy team at Mulla & Mulla & Craigie Blunt & Caroe acts for local and foreign clients. It handles PPP projects, contracts, investments, licensing, development as well as dispute resolution. Particular areas of expertise include LNG and oil and gas matters.

Practice head(s):

Shardul Thacker

Samvad Partners

Samvad Partners has in-depth knowledge of infrastructure transactions and extensive experience in an array of sectors, namely power (solar, thermal, wind and nuclear), oil and gas, telecoms, roads, airports, railways and ports. It assists with project financing matters, including secured and unsecured transactions, and is also well versed in offering cost-effective solutions for a range of contentious issues, including those arising from shareholder, partnership, construction and infrastructure disputes. Project and corporate finance expert Vineetha MG is based in Mumbai and jointly leads the practice with Harish Narasappa, who works out of the Bangalore office, advising on cross-border transactions and infrastructure regulatory issues. The practice was further strengthened by the arrival of Srabonee Roy, who joined in April 2019.

Practice head(s):

Vineetha MG; Harish Narasappa

Other key lawyers:

Aparna Ravi; Khyati Sanghvi; Juhi Mehta; Mandavi Singh; Sitara Pillai

Key clients

Adani Ports

Axis Bank Limited

Bothe Windfarm Development Private Limited

Cameco

Continuum Wind Energy (India) Private Limited

GIC Pte Ltd

HCC Limited

HDFC Bank Limited

HSBC Limited

ICICI Bank Limited

IndusInd Bank Limited

IDFC Limited

India Infradebt Limited

India Resurgence Fund

IndoStar Capital Finance Pvt. Ltd.

JP Morgan

L&T Infrastructure Finance Company Limited

L&T Finance Holdings Limited

L&T Finance Limited

Morgan Stanley Infrastructure

Macquarie Infrastructure and Real Assets (India) Private Limited

Piramal Finance Limited

Reliance Jio

Samena Capital (SC India Manager Private Limited)

Softbank

SC India Credit Fund

Swarna Tollway Private Limited

Tata Projects

Tata Steel Limited

Ujjivan Small Finance Bank Limited

Watsun Infrabuild Private Limited

YES Bank Limited

Utico Fzc

Work highlights

  • Advised YES Bank Limited on part financing ($274m) provided for the development of four road projects in Maharashtra, which have been granted to four special purpose vehicles incorporated jointly by MEP Infrastructure Developers Limited and Longjian Road and Bridge Company Limited.
  • Acted for YES Bank Limited and the consortium lenders on credit facilities totalling $388m provided to Warora – Kurnool Transmission Limited (part of the Essel Group).
  • Acted for Adani International Container Terminal Private Limited, a joint venture company operating a container terminal, in negotiating all documentation pertaining to an external commercial borrowing facility of $185m from Citibank N.A. and Intessa Bank.
  • Advised YES Bank Limited on part financing ($118.368m) a road project in Gujarat, which has been granted to Patel Vadodara-Kim Expressway Private Limited, a special purpose vehicle incorporated by Patel Infrastructure Limited.
  • Advised the consortium  of YES Bank Limited and L&T Finance Limited, as lenders, on part financing a road project in Chhattisgarh which has been granted to Bilaspur Pathrapali Road Private Limited, a special purpose vehicle incorporated by Adani Enterprises Limited.

Singhania & Partners LLP

Singhania & Partners LLP handles both non-contentious and contentious matters in relation to infrastructure projects. The department proides legal services to private corporations and public entities on PPP projects, tender and pre-bid advisory, risk analysis, operation and maintenance contracts as well as regulatory issues. Dipak Rao  draws on over three decades of experience in this industry and is involved in complex infrastructure and project finance transactions, while Abhimeet Sinha's areas of expertise encompass renewable energy and energy lending.

Practice head(s):

Dipak Rao; Abhimeet Sinha

Testimonials

‘The team at  Singhania & Partners possesses good knowledge and sector-wide expertise.’

‘The team is hardworking and committed in each assignment.’

Key clients

Mazars Advisory Pvt. Ltd.

Power Finance Corporation Limited

Adani Renewable Energy (RJ) Ltd.

Adani Green Energy Ltd.

Work highlights

  • Acted for Power Finance Corporation Limited, as the lender, on financial assistance of $51.49m to Acme Rewa Solar Energy Private Limited for the setting up of two solar PV power projects of 100MW (150MWDC): Solar PV Power Project at Bhadla (Phase III) and Solar Park in Jodhpur District, Rajasthan.
  • Advised Power Finance Corporation Limited on the financing of $26.67m to Ramesh Hydro Power Private Limited for the construction of two solar PV power projects of 24MW.
  • Acted for a consortium of lenders, comprising of Power Finance Corporation Limited and REC Limited, on $131.46m financing for the setting up several villages.
  • Assisted a consortium of lenders, comprising of Power Finance Corporation Limited and REC Limited, with drafting the intercreditor agreement and mortgage documents, reviewing the title verification and providing a legal opinion on the executed documents concerning a $1549.38m facility for the execution of a coal-based thermal power station.
  • Assisted Mazars Advisory Pvt. Ltd. with the concession agreement and financial closure of the Akkalkot-Solapur Hybrid Annuity Project in the state of Maharashtra.

Sumanto Basu & Associates

Sumanto Basu & Associates acts for governmental entities and private sector companies in the oil and gas sector, handling a range of transactions and providing constitutional, legal, regulatory and policy advice ranging from upstream to downstream project development. With a particular focus on LNG projects, the firm is well equipped to assist with all legal aspects of exploration and production projects in India and overseas. Practice head Sumanto Basu is experienced in conventional electricity and renewable energy project development, as well as financing matters.

Practice head(s):

Sumanto Basu

Other key lawyers:

Nishita B. Malik; Ipshita Ahuja

Key clients

Bharat Petroleum Corporation Limited

GSPC LNG Limited

Work highlights

  • Advising Bharat Petroleum Corporation Limited on its proposed transfer of a gas business to Bharat Gas Resources Limited, specifically regarding its existing upstream and downstream LNG/gas-related contracts and city gas distribution authorisations.