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)
Lenders of SKS Power Generation (Chhattisgarh) Limited
Monnet Ispat & Energy Limited
Adani Transmission Limited
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