HSA Advocates




HSA Advocates has a commanding reputation in the market as a preferred firm for energy, construction and infrastructure work. This year the firm vaunts into the top tier infrastructure, complementing its outstanding status in energy and construction. Sophisticated clients know this is the firm for complex, multi-party, long-term infrastructure projects, as it has decades of experience working with all stakeholders from the beginning to the end of a project life cycle. The firm provides a complete suite of solutions for development, financing, transactions, restructuring and dispute resolution support. The firm is routinely found advising on power, road, port, airport, oil, gas, clean energy and special economic zone projects. Founding partner and projects legend Hemant Sahai is key contact.  

Dispute resolution

Work highlights 

Assisting Mytrah Energy in an arbitration proceeding against Siemens Gamesa. 

Acted for KT Steel Industries in respect of default in payment by Iranian Railways 

Successfully representing ICICI in proceedings against Reliance India Power Fund relating to the attachment of properties belonging to the promoter of Su-Kam Power Systems.

Key clients 

Acme Group, Finolex, Sembcorp Energy India, Tata Power  

Corporate and M&A

Work highlights 

Advised Renascent Power Venture on its acquisition by Prayagraj Power Generation for $1.25 billion.  

Acted for ACME Solar Holdings’ sale of solar assets to Amplus Singapore for nearly $30 million.  

Advised Cold Love Ice Cream on its acquisition of a start-up ice cream manufacturer through two tranches.  

Key clients 

Acme Cleantech Solutions, CachecoIndagro Foods, Ipsaa Day Care, Renascent Power Venture

Banking and finance

Work highlights 

Advised HDFC Bank, NIIF Infrastructure Finance and India Infradebt on their financing of a power project.  

Acting for PTC India Financial Services in respect of a working capital facility granted to Welspun Enterprises. 

Assisting Rural Electrification Corporation in relation to settlement of outstanding debt of Rattanindia Power 

Key clients 

Axis Bank, Kotak Mahindra Bank, L&T Infrastructure FinancePolycab India, Power Finance Corporation 


Work highlights 

Assisting the National Industrial Corridor Development & Implementation and related entities on the establishment of the Chennai Bangalore Industrial Corridor.  

Advising the Ministry of Defence on creating a contractual framework for defence procurements under the Strategic Partnership model 

Engaged by NITI Aayog and the government of India on structuring a bid document for the national mission on transformative mobility and battery storage.  

Acting for Cambodia’s Ministry of Economy and Finance and the Cambodian government in creating a contractual framework for the establishment of rice warehouse facilities.  

Key clients 

Adani Properties, AssytemWorld Bank 


Work highlights 

Advised Uttar Pradesh Power Corporation in the recovery of excess reimbursement made by the client to Jaiprakash Power Ventures on income taxes and secondary energy charges.  

Acting for Walwhan Renewables Energy on its challenge to the comprehensive solar tariff order issued by the Tamil Nadu Electricity Regulatory Commission.  

Assisted Acme Solar Holdings and its four special purpose vehicles on their interpretation of detailed procedure for any application bank guarantee or construction phase bank guarantee.  

Key clients 

Ayana Renewable, Niti Ayog, World Bank