IndusLaw has advised Sojitz Corporation on its investment in the holding structure of IOC GPS Renewables Private Limited, a special purpose company jointly established by GPS Renewables Private Limited and Indian Oil Corporation Limited, India’s largest state-owned oil company.
IGRPL is engaged in the design, construction, operation, and maintenance of biomethane plants across India. Through this investment, Sojitz marks its entry into the biomethane production and sales business in India. Sojitz, alongside GPSR and IOCL, will leverage its combined expertise and networks to scale biomethane operations across India and explore further bioenergy opportunities domestically and internationally.
The Transaction Team included Saurav Kumar (Partner), Swathi Sreenath (Partner), Shreya Chaturvedi (Principal Associate), Suyash Bajpai (Associate), and Kaustubh Garg (Associate).
Projects Advisory Team included Shashwat Kumar (Partner) and Harshit Gupta (Associate).
Tax Advisory Team included Lokesh Shah (Partner) and Gaurav Goyal (Principal Associate).
Cyril Amarchand Mangaldas advised GPS Renewables Private Limited on the investment.
