Deepto Roy is a Partner at the Firm who specialises in Infrastructure, Energy and Project Finance and banking.

Deepto has wide expertise in Energy, Power, Renewable Power, Oil & Gas, Mining and Infrastructure, and represents project developers, construction contractors, banks and financial institutions.

Deepto has advised on some of the largest and most complex infrastructure transactions in India. Some of his prominent deals include advising Allianz Capital Partners in their acquisitions of an anchor stake in India’s first private invit, the IndInfravit Trusts, advising China Light & Power in relation to their acquisition of three transmission projects from the Kalpatru Group, advising State Bank of India, IDBI and ICICI Bank in relation to restructuring of the 2400 MW Dabhol Power Project at Ratnagiri, Maharashtra; advising the syndicate of banks led by ICICI Bank and Axis Bank for INR 50 million and USD 35 million foreign currency financing of GMR’s Delhi International Airport Limited.

Deepto regularly advises clients on dispute resolution and regulatory issues. Deepto has recently advised an international asset management major in relation to the acquisition of Indian Solar and Other Renewable assets of a multinational renewable energy major.  Deepto has appeared before arbitration tribunals; regulatory commissions such as the Appellate Tribunal for Electricity, Central Electricity Regulatory Commission, Maharashtra Electricity Regulatory Commission; Several High Courts and the Supreme Court of India.

Select Experience Statement

Infrastructure M&A

• Abertis Infrastructures, one of the largest international toll road operators, on its acquisition from the Macquarie group of 2 operating toll based National Highway road projects. The transaction was one of the first acquisitions of brownfield projects by a strategic player in the roads sector and also one of the first private equity exits in the Indian infrastructure sector.
• Allianz Capital Partners in their acquisition of anchor stake in IndInfravit Trust, promoted by the L&T Group. IndInfravit is India’s first private infrastructure investment trust (InvIT) and this transaction was also Allianz’s first investment in infrastructure in Asia. (Asia Legal Business- Debt Market Deal of the Year, 2019)
• Masdar Clean Energy in relation to acquisition of a 30-35% stake in Hero Future Energies (2019).

Projects

• Mumbai Metropolitan Region Development Authority on setting up an International Financial Services Centre (IFSC) and integrated transportation hub in Bandra-Kurla Complex, Mumbai. The IFSC is presently the most complex urban infrastructure project in the Country.
• Brookfield Asset Management in participating in the bid for Toll-Operate-Transfer Projects issued by the National Highways Authority of India. Assignment involved risk analysis of the bid and assistance in preparation of the bid documents.
• Taj Group of Hotels in their participation of bid for three hotel properties in the Delhi area conducted by the New Delhi Municipal Corporation (NDMC).

Project Financing

• Brookfield Infrastructure in connection with the refinancing of INR 14,555 Million availed by 5 portfolio road projects. (2016-2018)
• Uber in relation to a financing arrangement and joint venture with Tata Motors, Tata Capital Financial Services and Tata AIG (2016).
• Syndicate of banks led by State Bank of India in the Rs 10,500 Crore project financing of HPCL Mittal Energy Limited’s integrated 9 MMPTA petroleum refinery at Bhatinda, Punjab and crosscountry pipeline (Project Finance International Petrochemical Deal of the Year, 2007);

Disputes

• Lanco Amarkantak Power Limited with respect to the disputes with respect to their power purchase agreement with PTC India Limited, in proceedings before Madhya Pradesh High Court and the Supreme Court of India.
• Kosi Bridge Company Limited (part of the Brookfield Group) in their arbitration proceedings against the National Highways Authority of India.
• Abertis Infraestructuras in arbitration proceedings before the Singapore International Arbitration Centre.

A detailed experience statement can be shared on a confidential basis.

Professional Memberships

• Bar Council of Maharashtra and Goa

Education

• LL.B from National University of Juridical Sciences, Kolkata