Infrastructure Advisory
Providing the entire gamut of investment banking solutions to companies in infrastructure development
Highlights
- A dedicated infrastructure advisory practice exclusively focused on the sectors of Power, Transportation, Urban Infrastructure and Urban Transportation
- The team comprises seasoned professionals who have extensive experience in infrastructure, a keen understanding of the sector and strong industry relationships
If India is to sustain its growth momentum into the next decade, developing world-class infrastructure facilities is of overriding importance. The significant demand for quality infrastructure projects across the country is driving the need for sophisticated and targeted financial advisory and fund mobilization services in this sector.
Kotak Investment Banking has formed a dedicated Infrastructure Group to provide the entire gamut of investment banking solutions to public and private sector corporates across sectors like Power (Generation & Associated Coal Mining, Transmission and Distribution), Transportation (Roads, Seaports, Airports & Railways), Urban Infrastructure (Car Parks and Water & Sewerage etc) and Urban Transportation (MRTS, LRTS, Hi-Speed Rail Links).
The infrastructure team has over 50 years of collective experience in the Infrastructure space and comprises professionals with a strong background in project level advisory, investment banking, resource mobilization, and development of infrastructure projects.
Key Recent Deals
- BS Ispat Limited: In 2011, Oriental Iron Casting Limited, a subsidiary of OCL Iron & Steel Limited (OISL), acquired 100% stake in BS Ispat Limited. BS Ispat Limited is developing a 450 MW power plant, two captive coal blocks with capacity of ~70 million tonnes of coal and an associated sponge iron plant in the state of Maharashtra. OISL is a part of the Amtek Group, which is a leading global manufacturer of automotive components and assemblies with production facilities located across North America, Europe & Asia. Kotak Investment Banking was the exclusive advisor to the promoters of BS Ispat Ltd for the transaction.
- Kalpan Hydro (Mauritius): In 2011, Neptune Infra Company Pte Limited, part of Coastal Projects Limited (CPL), acquired 100% stake in Kalpan Hydro Company (Mauritius). KHC is an aggregator of hydro power assets with operations in India. CPL is a leading construction company engaged in developing infrastructure projects all over the country. It is also developing a portfolio of renewable power projects in the country including hydro. Kotak Investment Banking was the exclusive advisor to the promoters of Kalpan Hydro Company (Mauritius) for the transaction.
- GMR Energy: In 2010, exclusive financial advisor for investment of Rs 9.3 bn by Claymore Investments (Mauritius) Pte. Ltd (a wholly owned subsidiary of Temasek Holdings) through compulsorily cumulative convertible preference shares. The deal is one of the largest private equity investments in India’s power sector and is Temasek’s first investment in the power generation sector in India.
- Monnet Power Company Limited (MPCL): In 2010, exclusive financial advisor and arranger for investment of Rs 275 cr by Blackstone Capital Partners (Mauritius) Limited through subscription to equity shares of MPCL. This is Blackstone’s first investment in the power generation sector in India.
- GMR Pochanpalli Expressways Limited: In 2010, GMR Pochanpalli Expressways Limited (a GMR Group Company) had successfully placed rated Non-Convertible Debentures (AAA SO) of Rs. 650 crores to refinance its existing loans. Kotak was the exclusive financial advisor for the transaction. This is the first long-term debt raise by way of a rated instrument by a private infrastructure project company in India.
