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power

Power

SBICAPS 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

SBICAPS 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. SBICAPS is actively engaged in providing financing and advisory services for renewable energy capacity in the country, including arranging alternative funding.   

Landmark transactions concluded by SBICAPS 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)

Transaction advisor & Bid- process coordinator
2019

Lenders of SKS Power Generation (Chhattisgarh) Limited

M & A Sell Side
2019

Monnet Ispat & Energy Limited

Debt Resolution - CoC Advisory
2019

Adani Transmission Limited

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. SBICAPS 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

  • India Grid Trust
  • PowerGrid Corporation of India Ltd
  • Nuclear Power Corporation of India Limited
  • NABHA Power Limited
  • North Eastern Electric Power Corporation Limited
  • NTPC Limited
  • NHPC Limited
  • HPCL Mittal Energy
  • National Thermal Power Corporation Limited
  • IOT Utkal Energy

Select Transactions

India Grid Trust

Qualified Institutional Placement of units
2023

PowerGrid Corporation of India Ltd

Domestic Private Placement Deals
2023

Nuclear Power Corporation of India Limited

Domestic Private Placement Deal
2021

Nabha Power Limited

Domestic Private Placement Deal
2020

HPCL Mittal Energy

Foreign Currency Bonds
2019

National Thermal Power Corporation Limited

FCB
2017

IOT Utkal Energy

Domestic Private Placement
2014
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