INDUSLAW's lawyers have acted for lenders, borrowers, shareholders and international institutions on a range of projects across a number of sectors including electricity, coal, gas, renewable energy, roads, hospitals, rail, water, mines and minerals, ports, logistics and aviation.

Our Projects & Project Finance team advises on a range of matters including:

  • Bid documentation for project development and regulatory advice
  • Foreign direct investment and external commercial borrowing rules relating to the financing of projects
  • Bankability of project structures, allocation of risk and effective risk mitigation
  • Concession agreements, construction contracts, FIDIC contracts, operation & maintenance agreements, performance bonds, licenses and ancillary documentation
  • Finance and security documentation, joint venture and equity subscription arrangements, loan documentation, intercreditor arrangements and security and guarantee issues from term sheet to execution 

publications

PPP IN THE RAIL SECTOR - CHALLENGES FOR MODERNIZING INDIA’S RAIL NETWORK
Energy, Infrastructure & Natural Resources & Projects & Project Finance

PPP IN THE RAIL SECTOR - CHALLENGES...

Back in February this year, India announced an ambitious rail budget, proposing to invest almost USD 16 billion in rail projects over the coming year.1...
INDIA: CIVIL NUCLEAR LIABILITY LAW IN INDIA
Nuclear Law & Projects & Project Finance

INDIA: CIVIL NUCLEAR LIABILITY LAW IN INDIA

Back in January this year, India and the United States reached an understanding, in public at least, on the commercial liability of suppliers for nuclear...
SOLAR POWER IN INDIA: SOLAR PANELS, DOMESTIC CONTENT REQUIREMENT AND THE WTO
Projects & Project FinanceRenewable Energy & Energy, Infrastructure & Natural Resources

SOLAR POWER IN INDIA: SOLAR PANELS, DOMESTIC...

The National Solar Mission or the Jawaharlal Nehru National Solar Mission (the "JNNSM") adopted by India in 2010 targets generation of 100,000 MW of grid...
REVISED GUIDELINES FOR EXTERNAL COMMERCIAL BORROWING
Banking & Finance & Projects & Project Finance

REVISED GUIDELINES FOR EXTERNAL COMMERCIAL BORROWING

The Reserve Bank of India (the “RBI”) has recently brought in significant changes to the external commercial borrowing guidelines (the “ECB Guidelines”) with respect to...
REFINANCING OF PROJECT LOANS BY NON-BANKING FINANCIAL COMPANIES
Banking & Finance & Projects & Project Finance

REFINANCING OF PROJECT LOANS BY NON-BANKING FINANCIAL...

The Reserve Bank of India (the “RBI”) has recently allowed non-banking finance companies (“NBFCs”) to refinance any existing infrastructure or other project loans by way...
MINING REFORMS: TRANSFER OF LEASE, A SMOOTHER RIDE
Energy, Infrastructure & Natural Resources & Projects & Project Finance

MINING REFORMS: TRANSFER OF LEASE, A SMOOTHER...

The Central Government has, on May 30, 2016, notified the Minerals (Transfer of Mining Lease Granted Otherwise than through Auction for Captive Purpose) Rules, 2016...
GUIDELINES ON CROSS BORDER TRADE OF ELECTRICITY
Projects & Project FinanceGovernment & Regulatory & Energy, Infrastructure & Natural Resources

GUIDELINES ON CROSS BORDER TRADE OF ELECTRICITY

In an effort to harmonise municipal laws, rules and regulations governing the trade of electricity, the Ministry of Power (the "MoP") issued on 5 December,...
RENEWABLE ENERGY ALERT 
Projects & Project Finance & Renewable Energy

RENEWABLE ENERGY ALERT 

Our Renewable Energy Alert is a monthly update designed to keep you up-to-date with the latest legal developments that could potentially impact your business. We...
ISSUANCE OF RUPEE DENOMINATED BONDS OVERSEAS: MULTILATERAL AND REGIONAL FINANCIAL INSTITUTIONS AS INVESTORS
Banking & Finance & Projects & Project Finance

ISSUANCE OF RUPEE DENOMINATED BONDS OVERSEAS: MULTILATERAL...

Eligible resident corporates and/or body corporates had earlier been permitted to issue rupee denominated bonds (also commonly known as 'masala' bonds) in the overseas market...
SUPREME COURT RULING AGAINST COMPENSATORY TARIFFS FOR POWER PROJECTS
Litigation & Dispute ResolutionProjects & Project Finance & Energy, Infrastructure & Natural Resources

SUPREME COURT RULING AGAINST COMPENSATORY TARIFFS FOR...

Earlier this month, the Supreme Court of India in Energy Watchdog & Ors. v/s. Central Electricity Regulatory Commission set aside the orders passed by the...
MASALA BONDS: ISSUING RUPEE DENOMINATED DEBT OVERSEAS
Projects & Project FinanceGovernment & Regulatory & Banking & Finance

MASALA BONDS: ISSUING RUPEE DENOMINATED DEBT OVERSEAS

The Reserve Bank of India (the 'RBI') altered certain norms relating to the issuance of rupee denominated bonds (commonly known as 'masala' bonds) in the...
INDIA'S NEW BIDDING GUIDELINES ON SOLAR AND WIND PROJECTS: A NEW BANKABLE MODEL?
Projects & Project FinanceRenewable Energy & Energy, Infrastructure & Natural Resources

INDIA'S NEW BIDDING GUIDELINES ON SOLAR AND...

INDUSLAW recently spoke on the subject of India's new bidding guidelines for renewable energy projects. Do they address off-take risks and other bankable...
PROJECTS & PROJECT FINANCE IN INDIA: AN OVERVIEW
Energy, Infrastructure & Natural Resources & Projects & Project Finance

PROJECTS & PROJECT FINANCE IN INDIA: AN...

INDUSLAW recently spoke in Singapore on the subject of Projects & Project Financing in India, highlighting the broad regulatory and document structures encountered...
LEGAL ISSUES IN INFRASTRUCTURE
Energy, Infrastructure & Natural Resources & Projects & Project Finance

LEGAL ISSUES IN INFRASTRUCTURE

Identifying risk in infrastructure projects is essential for allocation and potential mitigation strategies. Ran Chakrabarti highlighted some of the key risks and considered how they...
GOODS AND SERVICES TAX ON LIQUIDATED DAMAGES
Litigation & Dispute Resolution & Projects & Project Finance

GOODS AND SERVICES TAX ON LIQUIDATED DAMAGES

The Maharashtra Authority for Advanced Ruling (the 'AAR') recently held in an advance ruling that goods and services tax ('GST') is applicable on liquidated damages...
EPC CONTRACTS KEY ISSUES TO CONSIDER
Projects & Project FinanceRenewable Energy & Energy, Infrastructure & Natural Resources

EPC CONTRACTS KEY ISSUES TO CONSIDER

Irrespective of the sector, and whether you are a Contractor, Employer or a Lender, EPC Contracts throw up complex issues which need to be carefully...
THE SPECIFIC RELIEF (AMENDMENT)  ACT, 2018: OVERVIEW & IMPLICATIONS
Litigation & Dispute ResolutionProjects & Project FinanceGovernment & Regulatory & Energy, Infrastructure & Natural Resources

THE SPECIFIC RELIEF (AMENDMENT) ACT, 2018: OVERVIEW...

The Specific Relief (Amendment) Act which came into force at the beginning of August broadly makes specific performance a general rule, rather than a limited...
THE RBI ISSUES A NEW EXTERNAL COMMERCIAL BORROWING POLICY
Projects & Project FinanceGovernment & Regulatory & Banking & Finance

THE RBI ISSUES A NEW EXTERNAL COMMERCIAL...

On January 16, 2019, the RBI revised the external commercial borrowing policy, essentially restructuring the regime into foreign currency and Indian Rupee debt. In particular,...
VOLUNTARY RETENTION ROUTE RELAXES SUBSCRIPTION NORMS FOR CORPORATE DEBT BY FOREIGN PORTFOLIO INVESTORS
Projects & Project FinanceGovernment & Regulatory & Banking & Finance

VOLUNTARY RETENTION ROUTE RELAXES SUBSCRIPTION NORMS FOR...

The Voluntary Retention Route announced by the RBI at the beginning of March gives FPIs the opportunity to subscribe for Indian corporate debt, free from...
RELAXATION ON PERMITTED END-USES UNDER THE ECB FRAMEWORK FOR CORPORATES AND NBFCS
Projects & Project FinanceGovernment & Regulatory & Banking & Finance

RELAXATION ON PERMITTED END-USES UNDER THE ECB...

In continuation of its efforts to simplify the existing ECB regime in India, the RBI issued a circular on July 30, 2019, through which it...
INFOLEX ALERT: OVERVIEW OF RESCO MODEL IN INDIA
Projects & Project Finance

InfoLex Alert: Overview of RESCO Model in...

India has set a target of achieving 100 GW power capacity through grid-connected solar energy, out of which 40 GW is targeted to come through...