Shardul Amarchand Mangaldas & Co. Advises Indraprastha Gas Limited on Joint Venture with Hindustan Waste Treatment for Biofuel Projects

Shardul Amarchand Mangaldas & Co. (SAM) acted as legal counsel to Indraprastha Gas Limited (IGL) in relation to its joint venture with Hindustan Waste Treatment Private Limited (HWT) for setting up compressed biogas (CBG) plants and biofuel projects in India.

The transaction involves the formation of a joint venture entity with equal equity participation between IGL and HWT in a 50:50 ratio. The collaboration is aimed at developing sustainable energy solutions, aligned with India’s broader push towards increasing the share of green fuels and reducing dependence on conventional fossil fuels.

 The transaction underscores the growing momentum in India’s bioenergy sector, particularly in the development of compressed biogas infrastructure, and highlights the role of strategic collaborations between public sector enterprises and private players in advancing clean energy initiatives.

 The due diligence and transaction team was led by V.R. Neelakantan, Partner, with support from Varnika Mohan, Principal Associate, Sourav Naug, Senior Associate, and Associates Madhvi Vangani, Tanya Rathod and Vedaant Prabhu.

About SAM:

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, 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.