Bhagirath Singh Ashiya is a Partner in the Energy, Infrastructure & Resources practice at Khaitan & Co, based in Mumbai. He holds a B.A., LL.B. (Hons.) from Christ University's School of Law, Bengaluru (2017), and is enrolled with the Bar Council of Karnataka.
Khaitan & Co advised Torrent Power Ltd (Torrent) on execution of definitive documents for the acquisition of 100% of the equity stake and convertible instruments of Nabha Power Ltd (NPL) from L&T Power Development Limited, a wholly owned subsidiary of Larsen & Toubro Limited, for an enterprise value of INR 6,889 crores.
Oil, Gas and the Transition to Renewables 2025 – A Chambers Global Practice Guide - Trends and Developments
Oil, Gas and the Transition to Renewables 2025 – A Chambers Global Practice Guide
Khaitan & Co advised Nuvoco Vistas Corporation Limited (“Nuvoco”) in relation to the acquisition of Vadraj Cement Limited (“Vadraj”) pursuant to the implementation of Nuvoco's resolution plan approved by the committee of creditors of Vadraj and the National Company Law Tribunal, Mumbai bench by way of its order dated 01 April 2025. Following the same, Nuvoco moved the Special PMLA Court in Mumbai and was able to get a restoration of assets order for the assets of Vadraj attached by the Enforcement Directorate, Mumbai in the ILFS proceedings.
Khaitan & Co advised Apollo Management Singapore Pte. Ltd. in relation to issuance of investment grade USD denominated notes aggregating to USD 750 million by Mumbai International Airport Ltd, an Adani group company, with an option of further issuance of USD 250 Million. The subscribers of the Notes included funds managed by Apollo Global, Blackrock, SCB, and Metlife.
On 22 January 2025, the Central Pollution Control Board (CPCB) published a report titled ‘Classification of Sectors into Red, Orange, Green, White and Blue Categories’ (Report), introducing a new and separate ‘blue’ category specifically for essential environmental services required for management of waste generated from domestic/ household activities, in addition to the previously introduced red, orange, green and white categories of industries based on the environmental pollution index.
On 31 December 2024, the Ministry of Mines notified the Offshore Areas Mineral Conservation and Development Rules, 2024 (Offshore Minerals Rules). The Offshore Minerals Rules seek to regulate offshore mining and facilitate sustainable mining practices in the various maritime zones of India.
Karnataka is a state in southern part of India and has been home to many global capability centres (GCCs) established by international corporations. Its capital city Bengaluru is also widely recognized as the information technology hub of India.
