Projects

Trilegal, JSA advise Virgin Hyperloop, Pune on MOU to make first steps for 25 min Mumbai-to-Pune-sci-fi-train

As reported in a number of publications, Richard Branson’s Virgin Hyperloop One is exploring entering India with the largely untested ultra-fast transportation technology.

Dhir & Dhir advises IIFCL on Mihit Solar’s $23.8m solar project financing under its takeout financing scheme

India Infrastructure Finance Company Limited (IIFCL) has said to have provided a term loan of Rs. 156 crore (USD 23.8 million) to Gurugram based Mihit Solar Power under its Takeout Finance Scheme, for substituting the outstanding principal amount of the loan sanctioned by L&T Infrastructure Finance, for the purpose of developing and commissioning a 74 MW Solar Power Project in Mansa District, Punjab.

Ex-HSAs + Indus for ReNew, HSA for KC Thapar on $153m wind power asset acquisition

“Sumant Sinha-led ReNew Power is making a Rs 1,000-crore acquisition of wind power assets of the KC Thapar Group, helping India’s biggest renewable energy player strengthen its position in the rapidly consolidating sector. ReNew Power will acquire three fully operational plants with a total capacity...

AZB acts on $34.7m ReNew Wind Energy project finance from OPIC

AZB & Partners partner Gautam Saha and partner Pallavi Meena, with associates Pragya Sood and Ayan Das have acted for Overseas Private Investment Corporation (OPIC).

IndusLaw, Shearmans, Clifford Chance, Nepal firm on $140m hydropower financing

IndusLaw, Shearman & Sterling and Neupane Law Associates advised the Dutch development financing institution, FMO and a consortium of lenders on the $142.5m financing of the proposed 82 MW Nepalese Lower Solu hydropower project. The Nepalese company Essel-Clean Solu Hydropower and the Indian co...

Udwadia Udeshi Argus, Amarchand on $10m Telangana highway project sale

Amarchand Mangaldas advised the HCC group on its Rs 64 crore sale of a highway project to IDFC-backed Highway Concession One. IDFC was advised by Udwadia Udeshi & Argus. Amarchand Mumbai partner Santosh Jankiram acted for HCON, which is part of the HCC group. UUA managing associate Shubha Karra...

Desai & D, Luthra act on sale of NH-11 road for Rs 525 crore

Desai & Diwanji and Luthra & Luthra acted on the sale of Jaipur Mahua Tollway, a four-laning project conessionnaire of the Jaipur-Mahua section of National Highway 11, for Rs 525 crore to ISQ Asia Infrastructure I, an affiliate of US-based fund I Squared Capital. Desai & Diwanji Mumba...

Vaish, Amarchand on $1.5bn Jaiprakash hydropower project sale to JSW

Vaish Associates advised Jaiprakash Power Ventures (JPVL) in selling its BASPA Hydro Electric Project and its Karcham Wangtoo project to JSW Energy for Rs 9,700 crore. JSW Energy was advised by Amarchand Mangaldas Mumbai partners L Viswanathan, Tushar Mavani and Ramanuj Kumar and senior associates P...

Herbies, Amarchand & Nepali firms act on landmark $1.4bn Nepal FDI by GMR

Herbert Smith Freehills (HSF) and Nepali law firm Abhinawa Law Chambers advised the Investment Board of the Government of Nepal on its project development agreement (PDA) with a consortium led by Indian infrastructure company GMR, to develop the 900 megawatt, $1.4bn hydroelectric Upper Karnali Hydro...

Amarchand tops dealogic projects league table again ahead Luthra & AZB, & newcomer Desai & D

Amarchand Mangaldas maintained status quo as project finance leader for the third year running and reported a greater overall deal revenue since last year, according to data provider dealogic’s year end table for 2013.

Amarchand powers Jindal’s buy of $800m Kineta plant

Amarchand Mangaldas advised Jindal Power in buying a Nellore thermal power plant from Bangalore-based Kineta Power, which was advised in-house. Amarchand Delhi partner Amit Kumar with principal associates Varun Sehgal and Sunando Mukherjee and senior associate Ananda Malhotra acted for Jindal which,...

India tops global projects ranking, Amarchand retains lead on Luthra, AZB enters fray in third

Digging up projects work
Digging up projects work
Amarchand Mangaldas solidified its lead in the Indian project finance league tables ahead of Luthra & Luthra, as AZB & Partners pushed its way into the top three.

Dealogic Q1 infra league table: Amarchand projects promise with $4.9bn, as Luthra back in 2nd

Amarchand top, Luthra 2nd, as Khaitan & Co makes first league table appearance in years.

Amarchand holds #1, Link Legal pushes Luthra to #3 in Projects, with overall dry 2012

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Road works
Exclusive: Amarchand Mangaldas has held fort as project finance leader for the second consecutive year since replacing Luthra & Luthra in 2011 at the top of the top 10, according to data provided by Dealogic. 10 front-runners this year produced less than half of the total projects revenue docketed in 2011.

Link Legal tops H1-2012 project finance league table ahead of Amarchand, Luthra, Clasis

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road-works-digger
Exclusive: Link Legal pipped last year’s leader Amarchand Mangaldas at the top of the 2012-half-year Dealogic project finance rankings, reporting seven deals worth Rs 27,106 crore ($4.9bn).

Amarchand replaces Luthra at top of 2011 project finance league table

Road works
Road works
Exclusive: Amarchand and Mangaldas has replaced last year’s project finance leader Luthra & Luthra to secure the top rank among India’s 10 highest cap project deal firms in 2011, according to data provider Dealogic.

Khaitan for Yes Bank on Rs 84 cr solar project funding

Khaitan & Co has advised Yes Bank on granting of Rs 84 crore rupee term loan facility to Integrated Coal Mining for the development and setting up of a 9MW solar photovoltaic plant in Kutch region of Gujarat.

Desai & Diwanji drafts $7.2bn docs to buy 72 new Airbus for Go

Desai & Diwanji has advised Wadia group-owned budget airline GoAir on the company’s acquisition of 72 Airbus 320 NEO Aircraft for $7.2bn.

Spanish-Indian 14-year-long solar project loan shines on SNG, Trilegal

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SNG & Partners, Trilegal, Boston-based Rich May and Spanish law firm Uría Menéndez have advised on Spanish Grupo T-Solar Global’s investment into Astonfield Renewable Resources heralding a strategic partnership to finance, operate and develop 200MW of solar power plants in India.

One year on Dua’s made projects comeback in Hyderabad, looks to corp

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hyderabad-charminar-by_Habeeb
Exclusive: Dua Associates Hyderabad has advised on the construction of a major NCC Infrastructure Rs 7,047 crore power project with Amarchand Mangaldas Delhi leading for the lenders, one year after India Legal merged with Dua following Tatva Legal’s mega-breakaway.