PRESS RELEASE: Shardul Amarchand Mangaldas & Co. Advises Indraprastha Gas Limited on 500 MW Solar JV with Rajasthan Rajya Vidyut Utpadan Nigam Limited

Shardul Amarchand Mangaldas & Co. (SAM) advised Indraprastha Gas Limited (IGL) in relation to its joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for the development of a 500 MW solar power project in Rajasthan.

The joint venture, structured with an equity participation of 74:26 between IGL and RVUNL respectively, is aimed at setting up large-scale solar power infrastructure, with the 500 MW project being the first phase of a broader renewable energy collaboration between the parties.

The transaction reflects a growing focus on clean energy investments and the development of sustainable infrastructure in India, particularly through collaborations between public sector entities and energy companies.

The transaction team was led by V. R. Neelakantan, Partner, along with Varnika Mohan, Principal Associate; Sourav Naug, Senior Associate; and Madhvi Vangani, Associate.

About Shardul Amarchand Mangaldas & Co:

Shardul Amarchand Mangaldas & Co. (SAM), founded on a century of legal achievements, is one of India’s leading full-service law firms with the ISO/IEC 27001:2022 certification - the latest global benchmark for Information Security Management Systems. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & restructuring, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, white collar crime, technology law and infrastructure, energy and project finance.

With the full suite of Harvey AI functionalities, the Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 950 lawyers including 184 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.