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power

Power

SBICAP provides strategic advice and access to long-term sources of finance for key players in the Power sector. This is in keeping with our commitment to the country’s progress. We have handled several mandates for reputed organisations and various state electricity boards.

Trusted Advisors For Strategic Projects

SBICAP offers the entire gamut of investment banking and advisory services in the Power sector including debt syndication, restructuring, and business as well as financial advisory services. We are the only investment bank/non-lending institution to be co-opted as a member of the Inter-Institutional Group, constituted by the Ministry of Power, for advising on the broad policy issues and financing aspects for the power sector. SBICAP is actively engaged in providing financing and advisory services for renewable energy capacity in the country, including arranging alternative funding.   

Landmark transactions concluded by SBICAP in this space include:

  • Debt syndication services for Ultra-Mega Power Plants (Coastal Gujarat Power Limited, Sasan Power Limited) aggregating debt of INR  32000 crore.
  • Buy-side advisory services to NTPC Limited for the acquisition of GoI’s stake in THDC India Limited and NEEPCO, the aggregating transaction value of INR 11500 crore.
  • Sell-side advisory services to lenders in the successful resolution of power assets (Rattan India Power Limited, Prayagraj Power Generation Company Limited, Jindal India Thermal Power Limited) aggregating to INR 12500 crore.

We have also provided advisory services for the privatization of Delhi Vidyut Board (first transaction of privatization of a power utility); and been advisors to the committees appointed by the Central Electricity Regulatory Commission/state regulators for the compensatory tariff of imported coal-based power projects.

Some of the clients we have worked with

Prayagraj Power Generation Co. Limited

Lenders of SKS Power Generation (Chhattisgarh) Limited

Monnet Ispat & Energy Limited

Adani Transmission Limited

Jindal India Thermal Power Limited

Select Transactions

Prayagraj Power Generation Co. Limited (PPGCL)
Value: INR 6,000 Cr
Transaction advisor & Bid- process coordinator
2019
Lenders of SKS Power Generation (Chhattisgarh) Limited
Value: INR 2,555 Cr
M & A Sell Side
2019
Monnet Ispat & Energy Limited
Value: NA
Debt Resolution - CoC Advisory
2019
Adani Transmission Limited
Value: INR 12,101 Cr
M&A Buy Side Advisory
2018

Financing India’s Power Security

The Power sector is an integral part of India’s growth story and a key element of the country’s infrastructure. SBICAP is proud to have helped the sector raise capital to power the country’s progress. We have long-standing relationships with various state electricity boards and government authorities in the country. We have handled several mandates for reputed organisations, including bond issuances for Nuclear Power Corporation of India Limited, Power Grid Corporation of India Limited, NTPC Sail Power Company Limited, and NLC India Limited.

Our exemplary work in the Foreign Currency Bond market for this sector has been recognised, and we have won the award for the Best Quasi-Sovereign Bond, India, for raising €500 million for NTPC.

Some of the clients we have worked with

NABHA Power Limited

North Eastern Electric Power Corporation Limited

NTPC Limited

NHPC Limited

HPCL Mittal Energy

Select Transactions

Nuclear Power Corporation of India Limited
Value: INR 1,800 Cr
Domestic Private Placement Deal
2021
Nabha Power Limited
Value: INR 300 Cr
Domestic Private Placement Deal
2020
HPCL Mittal Energy
Value: USD 300 Mn
Foreign Currency Bonds
2019
National Thermal Power Corporation Limited
Value: Eur 500 Mn
FCB
2017
IOT Utkal Energy
Value: INR 3,000 Cr
Domestic Private Placement
2014

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