India-based Krishnamurthy & Co is highly active in the renewable power sector with its clean energy team handling cutting-edge transactions in the solar, wind, hydrogen and biomass space. The projects, infrastructure and energy team also advises both lenders and borrowers on project financing and investments especially in solar energy.

In Mumbai, Alok Sonker recently advised HYGENCO on a carbon transition project with Jindal Stainless involving the installation of a green hydrogen plant which will enable the large stainless steel producer to considerably reduce its CO2 emissions by nearly 2700 MT per annum. Among many other financing matters strategic to the renewable energy sector in India, Rukmini Roychowdhury assisted HDFC Bank with the issuing of a $14m term loan facility for the part-financing of a solar glass project to be set up by Borosil Renewables in Gujarat with an output of 500 tonnes per day.

The firm has also demonstrated its commitment to sustainability through a number of internal and external initiatives. Tree planting has been a special focus for the firm: Across various projects, it planted over 1,000 trees in 2021, and over 8,000 over the last decade, including traditionally celebrating Diwali by planting trees. The firm also chooses the location of their trees to increase their sustainable impact, such as planting trees in Singhbum and Jharkhand to protect elephants, in Sunderbans to protect tigers, and in Bhagalpur to boost ground water as well as mitigate flooding.