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An indicative list of matters that Shashank has advised on is below:

Mergers & Acquisitions

• Advised India Grid Trust (IndiGrid) in:
• Acquiring a 300 MW solar power project from ReNew Power group for a total enterprise value of INR 1,550 crores.
• Acquisition of 74% (seventy-four percent) stake in Parbati Koldam Transmission Company Limited (PKTCL) from Reliance Infrastructure Limited
• Currently advising an Indian public sector undertaking in the proposed acquisition of 7 renewable energy projects of a cumulative installed capacity of 288 MW situated across Andhra Pradesh, Madhya Pradesh, and Maharashtra, owned, operated, and commissioned by PTC Energy Limited. This transaction is ongoing and confidential.
• Advised Hero Futures Energies on all project development and regulatory issues associated with the: (i) its private equity fund raise of US$ 450 Million (i.e. around INR 3600 crore) by KKR (Kohlberg Kravis Roberts) in HFE Global (2023,) (ii) US$ 150 Million equity investment in HFE by Abu Dhabi Future Energy Company (Masdar) in 2019, (iii) US$ 125 million equity investment in HFE by International Finance Corporation (IFC) in 2016.
• Advised Candi Solar IN 1 Private Limited, the Indian subsidiary of Candi Solar AG, in acquisition of solar rooftop assets spread across 11 Indian States, aggregating to approximately 4000 kWp of installed capacity from an Indian developer.
• Advised Apollo Global Management LLC on the Indian leg of Apollos’s acquisition of GE Capital’s Indian renewable energy assets which cumulatively aggregate to an installed capacity of 630 MW.
• Advised Berkeley Energy in structuring, negotiating and finalizing its strategic acquisition of a renewable energy development and services company, to establish a renewable energy platform, which would inter-alia specialize in establishing grid connected and decentralized renewable energy projects and providing energy management services to various developers using patented AI tools.
• Advised STT Global Data Centres India Private Limited (STTGDCI) in:
  • its acquisition of 26% equity stake in O2 Renewable Energy VII Private Limited, a special purpose vehicle (O2 VII SPV) promoted by O2 Power Private Limited, for procuring a cumulative capacity of 37.7 MW of power (16.2 MW wind capacity and 21.5 MW solar capacity) from a wind-solar hybrid project located in Maharashtra.
  • in its acquisition of 26% equity stake in a special purpose vehicle (SPV) promoted by Clean Max Enivro Energy Solutions Private Limited. The SPV owns and operates a 22 MW solar power plant in Tamil Nadu.
• Advised Vestas Wind Systems A/s and its affiliates in:
  • in strategic sale of wind power project assets and wind resource assessment data owned by Vestas India located across 8 states (including Andhra Pradesh, Gujarat, Maharashtra, Madhya Pradesh, Rajasthan, Tamil Nadu, Karnataka and Telangana) to Mahindra Susten Private Limited.
  • sale of 100% equity stake held by it in Orange Ashok Wind Power Private Limited to Everrenew Energy Private Limited. The Project SPV is engaged in the development of a 200 MW wind power project in the State of Karnataka.
  • its strategic exit from Airpower Windfarms Private Limited and sale of their entire stake to Torrent Green Energy Private Limited.
  • in acquiring greenfield and brownfield project assets for wind farm development across various states in India as a part of its ongoing strategy to provide turnkey wind assets to third party developers.
• Advised MasTec Inc., USA on its acquisition of the technology-support business of Quadgen Wireless Solutions Private Limited as part of a global transaction, including all regulatory and project implementation issues associated with State Fibernet projects tendered under BharatNet Phase II.
• Advised Bain Capital Credit, Asia on the India leg of its joint venture with a global media conglomerate. The joint venture would be engaged in developing a platform for disseminating media and broadcasting content including OTT and other distribution routes.

Project Development (Energy & Infrastructure)

• Acted as legal counsel to Pune Metropolitan Region Development Authority in the bidding and implementation of the Pune Metro Line III (Shivajinagar – Hinjewadi) Project on PPP basis.
• Advised TotalEnergies on all aspects related to their distributed solar power generation business in India (in commercial and industrial space) including reviewing and finalising the power purchase agreement and shareholders’ agreement and all associated regulatory aspects
• Advised PepsiCo India Holdings Limited in reviewing, negotiating and finalising terms of power purchase agreement offered by three power generating companies.
• Advised Prism Johnson Limited in:
  • its investment in Renew Green (MPR Two) Private Limited, a special purpose vehicle promoted by ReNew Green Energy Solutions Private Limited (ReNew) for supply of power from a 23 MW wind power project to be developed by Renew in the State of Madhya Pradesh
  • negotiating and finalizing the definitive EPC contract package of INR 188 Crores with thyssenkrupp Industries India Private Limited for the purposes of establishment of a waste heat recovery-based power generation project to be established at the industrial facility of PJL at Satna, Madhya Pradesh
• Advised Colt DCS India in drafting, finalizing and negotiating power purchase agreement for procurement of power on open access basis from IPPs and power traders for its business operations, including regulatory advice on the applicable legal framework in the State of Maharashtra.
• Advised Princeton Digital Group (Data Center Services) in drafting and finalizing the definitive transaction documents for procurement of power on captive basis, including the applicable regulatory framework in the State of Maharashtra.
• Advised Candi Solar AG in reviewing and structuring their commercial and industrial project development strategy and related transaction documentation, project development and regulatory issues for Candi’s commercial and industrial businesses in India.
• Advised a leading Spanish rolling stock manufacturer, and its Indian subsidiary, on (i) its proposed joint venture with various domestic conglomerates; and (ii) establishment on operationalization of private train operations in India.
• Advised Reliance Infrastructure Limited in relation to the due diligence of 11 (eleven) BOT (Toll) road projects owned by R-Infra as part of the proposed sale. Shashank anchored and led the team advising on the project development, concession agreement and regulatory issues associated with R-Infra’s road asset portfolio.
• Advised IndInfravit, on various issues relating to implementation of revised toll rates for an existing project and related aspects under the concession agreement.
• Advised Sandvik Asia Private Limited in negotiating and settling the settlement and closure of an engineering and construction contract package of an approximate value of USD 19 Million. During the course of the mandate, advised Sandvik on (a) mediating and steering the negotiations and settlement with the project participants including (b) analyzing the termination claims submitted by the contractors and other project stakeholders, and (c) formulating a settlement and negotiating strategy. Shashank led this assignment from Sandvik’s headquarters situated at Pune, Maharashtra and advised Sandvik’s India leadership team and steering committee on the closure of these contracts.
• Advising Sandvik Materials Technology on establishment of renewable energy projects at various industrial facilities in Maharashtra and Gujarat.
• Advised Hindustan Infralog Private Limited (a subsidiary of DP World and NIIF) (and its subsidiaries – Continental Warehousing Corporation (Nhava Sheva) Limited, Kribhco Infrastructure Limited, and Container Rail-Road Services Private Limited), a joint venture between Dubai Ports World and the National Investment and Infrastructure Fund, in reviewing, negotiating and finalising logistics supply agreements, rake-operation agreements and infrastructure access agreements for its end-to-end logistics business.
• Advised ArcelorMittal Nippon Steel India in finalising agreements for availing end-to-end freight services required by AMNSI across India.
• Advised IDFC Bank in relation to regulatory assessment of Utilization of divestment proceeds from SMS Shivnath Infrastructure Ltd in accordance with the provisions of the NHAI Exit policy.
• Advised Autostrade Indian Infrastructure Development Private Limited, one of Italy’s largest toll motorway builders, in relation to its proposed acquisition of two operational BOT (Toll) road projects.
• Advised China Harbour Engineering Company Limited on its joint venture with an Indian road construction company, including advising on all project related aspects pertaining to a national highway development project awarded to the consortium under the Hybrid Annuity Mode.
• Advised CRRC Zhuzhou Electric Locomotive Co. Ltd in relation to all regulatory and project related aspects related to the technical and statutory approvals for rolling stock being supplied by the Ansaldo-Tata-CRRC Zhuzhou consortium for the development of Navi Mumbai Metro Line 1 Project.

Restructuring & Insolvency

• Advised International Asset Reconstruction Company Private Limited in relation to the corporate insolvency resolution process of a concessionaire responsible for a highways project awarded on BOT (Toll) basis, including structuring, and drafting the resolution plan to be submitted to the COC as part of the CIRP Process.
• Advised Tata Steel Limited on all project development and regulatory issues associated with Essar Steel (India) Limited (now ArcelorMittal Nippon Steel India) as part of Tata’s participation in the corporate insolvency resolution process for ESIL. Shashank anchored the team advising on the power procurement, logistics chain, gas sale arrangements, and regulatory issues associated with ESIL’s operations at the Hazira plant and advised Tata Steel on strategic issues.

Debt Funding (Project Development)

• Advised the lender consortium comprising of Axis Bank Limited and Standard Chartered Bank in relation to project development and regulatory diligence in relation to debt financing aggregating to INR 1,708 Crores availed by Ayana Renewable Power Six Private Limited part of the Ayana Renewable Power platform, for the development of a 300 MW greenfield wind power project in Gadag District, Karnataka
• Advised Standard Chartered Bank and Tata Capital on all project development and regulatory issues (including environmental law compliance) in the debt funding of a 198 MW wind power project being developed by BluPine Energy Private Limited (through its wholly owned subsidiary – Solarcraft Power India 3 Private Limited).
• Advised DBS Bank Limited and Standard Chartered Bank in relation to all project development and regulatory issues associated with the debt funding of a 100 (one hundred) MW wind power project being implemented by the Vena Energy, in Gujarat.
• Advised Asian Development Bank on issues relating to finalization of the financing structure (security package) and project due diligence in respect of a loan facility aggregating to US$ 500 million to be availed by Power Grid Corporation of India Limited, for the part-financing of the Green Energy Corridor Transmission Project.
• Advised DBS Bank Limited in relation to all project development and regulatory issues associated with an INR denominated ECB Facility and an INR term loan facility availed by Fortum Finnsurya Energy Private Limited and an INR denominated ECB Facility availed by Fortum Amrit Energy Private Limited.
• Advised State Bank of India, in relation to all project development and regulatory issues associated with the debt funding of a 49.5 MW wind power project being implemented by PTC Energy Limited situated in a southern Indian state.
• Advised State Bank of India, in relation to all project development and regulatory issues associated with the debt funding of a 16 MW solar rooftop project developed by Azure Power India Private Limited under a competitive tender issued by Delhi Jal Board.
• Advised Rural Electrification Corporation Limited on all project development and regulatory aspects related to the debt funding of a 150 MW solar power project developed by Avaada Solar Energy Private Limited in Pavagada Solar Park.
• Advised L&T Infrastructure Finance Company Ltd. on project development and regulatory aspects in relation to the issuance of secured, unlisted, non-convertible debentures by PL Surya Urja Limited and PL Sunshine Limited, both of which were establishing 20 MW solar PV projects in Punjab, India.