Wednesday, 12th October
The main on-ground meeting of leaders active in the Indian infrastructure and energy market
The 3rd edition of annual India GRI Infra & Energy 2022 will return in October in New Delhi. The event will unite the most senior infrastructure investors, developers, operators, lenders and advisers active in India for a day of candid, behind-closed-door discussions and high-level networking.
Unlike a typical conference, GRI meetings have no speakers or presentations. Instead, decision makers join informal and collegial discussions in which everyone participates. Reconnect with your peers, forge new business partnerships and continue the conversation afterward.
Opening Session, 10:00 - 11:00
Investor Perception on Infrastructure
Optimism or Caution?
- What is the investor appetite for the infrastructure sector post pandemic disruption?
- What has been the impact of the pandemic on valuations and return expectations? Is now the right time to enter and continue growing in India's infrastructure and energy markets?
- What are the big risks for investors and what can be done to mitigate them?
- What steps can be taken to get more investment from overseas investors?
Moderator
Neeraj Menon
Partner & Head - Energy, Infrastructure and Natural Resources
Trilegal
Moderator
Sandeep Upadhyay
MD & CEO - Infrastructure Advisory
Centrum Capital
Ashwani
Sharma
COO, ROADIS India
ROADIS
Jason
Pellmar
New Business Manager, Infra, South Asia
IFC
Kuljit
Singh
Partner, Transaction Advisory Services
EY
Virender
Pankaj
CEO
Aseem Infrastructure Finance
Discussion, 11:25 - 12:25
GATI Shakti
A pipe dream towards seamless multimodal transport?
- What steps can be taken to bridge the gap between macro-planning and micro-implementation of GATI SHAKTI?
- How are the investors and operators gearing up to facilitate GATI SHAKTI?
- What realistic impact can be expected on logistic cost?
- What paradigm changes are expected on how the industry and economy functions?
Moderator
Manish Sharma
Partner & Leader-Capital Projects & Infrastructure
PwC
Special Guest
Anil Khandelwal
Principal Executive Director, GATI Shakti
Ministry of Railways
Special Guest
Sudhendu Sinha
Adviser
NITI Aayog
Ashwani
Sharma
COO, ROADIS India
ROADIS
Rajesh
Sirohia
Head - Corporate Strategy & BD
Tata Realty & Infrastructure
Discussion, 12:50 - 14:00
Pathway to Net Zero
Is there a collective sense of urgency?
- Is India getting ready for a complete disruption towards renewable and cleaner energy?
- What bold measures are needed given the development priorities of the country?
- How is the matrix changing with hydrogen, batteries, nuclear energy?
- What are the opportunities for partnerships with other countries? What are the opportunities for developers and investors?
- What is the overall impact on infrastructure and energy sectors?
Moderator
Neeraj Menon
Partner & Head - Energy, Infrastructure and Natural Resources
Trilegal
Special Guest
Dinesh Jagdale
Joint Secretary
MNRE
Special Guest
Rajnath Ram
Adviser
NITI Aayog
Manikkan
Sangameswaran
Executive Director & CEO
Radiance Renewables
Mohit
Bhargava
CEO
NTPC Renewable Energy Limited
Neha
Kumar
India Programme Manager
Climate Bonds Initiative
Sanil
Nambooodripad
Managing Director
OTPC
Srini
Viswanathan
CEO
Vibrant Energy Holdings
Virender
Pankaj
CEO
Aseem Infrastructure Finance
Discussion, 15:00 - 16:15
ESG in Perspective
A mainstay in corporate financial planning?
- How is the ESG framework and reporting evolving in India?
- How are the ESG considerations in investment decisions and the financial ecosystem?
- What is the demand for ESG-aligned instruments?
- What are the key challenges? How can they be addressed? What can be learnt from global experience?
Closing Session, 16:45 - 18:00
InvITs
Meeting the NMP targets
- What are the investor/concessionaire sentiments about NMP?
- What is the year 1 performance of NMP?
- Which monetisation models are preferred (TOT, OMT, OMD, COT, InvITs, REITs)?
- How has the ecosystem for InvITs evolved? What lessons have been learnt? What worked, and what did not?
- What is the way forward for InVITs, given the favourable regulatory framework?
Moderator
Kranti Mohan
Partner
Cyril Amarchand Mangaldas
Moderator
Srishti Ahuja
Partner-Transaction Advisory
EY
Special Guest
Baldeo Purushartha
Joint Secretary
Department of Economic Affairs
Harsh
Shah
CEO & Executive Director
IndiGrid
KS
Giridhar
CIO
Life Insurance Corporation of India
Nipa
Sheth
Managing Director
Trust Group
Parin
Mehta
CFO
Virescent Infrastructure Investment Managers
Pawan
Kant
CEO
IndInfravit Trust
Who joins?
Some of the past attendees include
Neeraj Menon
Partner & Head - Energy, Infrastructure and Natural ResourcesTrilegal
India
Neeraj is the National Head of Trilegal's Energy, Infrastructure & Natural Resources practice. He specialises in project development and M&As in various sectors including energy, roads, mass transit and rail. Neeraj has advised the Government of India on the bidding guidelines and bid documents in the energy sector & has contributed actively in the development of the National Electricity Policy, Tariff Policy & the Competitive Bidding Framework for the power sector in India. He has extensively advised the private sector on bidding & developing energy and infrastructure projects including on complex concession agreements, project EPC, operations and maintenance contracts, financing arrangements and land acquisition arrangements.
Sandeep Upadhyay
MD & CEO - Infrastructure AdvisoryCentrum Capital
India
Sandeep Upadhyay joined Centrum Capital Limited in June 2008 and is currently serving as Managing Director of Infrastructure Practise at Centrum Capital Limited. As a senior Coverage Banker he is responsible for covering the Stressed asset resolution apart from leading Investment Banking initiatives across core sectors like Transportation, Logistics, Energy & Utilities space.He is an alumnus from XLRI, Jamshedpur besides holding a Post Graduate Degree in Project Management specialising in Infrastructure sector. He has over sixteen years of extensive experience in raising Private Equity, Project Finance and advising Government & established private sector clients on M&A, Stressed asset resolution and Bidding initiatives.
Ashwani Sharma
COO, ROADIS IndiaROADIS
India
Jason Pellmar
New Business Manager, Infra, South AsiaIFC
India
Kuljit Singh
Partner, Transaction Advisory ServicesEY
India
Kuljit is a Partner & Head of EY India Infrastructure Investment Banking team
Kuljit joined Ernst & Young in 2001 and is based out of New Delhi Office in India.
Prior to joining EY, Kuljit had worked for around 7 years in SBI Capital Markets and was responsible for debt appraisals, debt and equity raises and advisory in infrastructure.
Educational Background includes B.Com (Honours), University of Delhi (1992) and Master Finance & Control, University of Delhi (1994). He attended two weeks training programme in Harvard University on International Privatisation Experience in Infrastructure Projects.
Virender Pankaj
CEOAseem Infrastructure Finance
India
Manish Sharma
Partner & Leader-Capital Projects & InfrastructurePwC
India
Manish is Partner and Leader for Transport and Logistics Sector in PwC’s Advisory services vertical. He has over 23 years of experience across the various segments of transport and logistic with both services providers and infrastructure developers.
Anil Khandelwal
Principal Executive Director, GATI ShaktiMinistry of Railways
India
Sudhendu Sinha
AdviserNITI Aayog
India
Ashwani Sharma
COO, ROADIS IndiaROADIS
India
Rajesh Sirohia
Head - Corporate Strategy & BDTata Realty & Infrastructure
India
Mr. Rajesh Sirohia is currently the Head - Corporate Strategy and Business Development, TRIL Roads Private Limited, which is a 100% subsidiary of Tata Realty and Infrastructure
Limited. Mr. Sirohia is a management professional having more than 20 years’ experience in infrastructure, financial services & startups and strong academics - MBA from Asian Institute of Management, Manila, Philippines & Chartered Accountant.
He has an End to End Life Cycle management experience in the Infrastructure and Public Utilities space - Bidding, Due Diligence, Project Development & Construction, Operations,
Policy & Regulations and Divestment. Apart from this he has been successful in raising capital both on debt and equity for various road assets.
Neeraj Menon
Partner & Head - Energy, Infrastructure and Natural ResourcesTrilegal
India
Neeraj is the National Head of Trilegal's Energy, Infrastructure & Natural Resources practice. He specialises in project development and M&As in various sectors including energy, roads, mass transit and rail. Neeraj has advised the Government of India on the bidding guidelines and bid documents in the energy sector & has contributed actively in the development of the National Electricity Policy, Tariff Policy & the Competitive Bidding Framework for the power sector in India. He has extensively advised the private sector on bidding & developing energy and infrastructure projects including on complex concession agreements, project EPC, operations and maintenance contracts, financing arrangements and land acquisition arrangements.
Dinesh Jagdale
Joint SecretaryMNRE
India
Shri. Dinesh Jagdale is currently serving as the Joint Secretary, Ministry of New and Renewable Energy. Shri. Jagdale is Graduate in Electronics Engineering with Master’s in Business Administration with specialization in Marketing and has 29 years of rich experience in electrical & renewable industry. An innovative thinker, Self-motivated, visionary professional has spent 19 years of his career working in Renewable Industry in various capacities.He has been actively involved as consulting personnel in formulation of state government policies for Wind & Solar Energy generation, striking a balance between developers of the project & sustainability of the transmission and distribution companies.
Rajnath Ram
AdviserNITI Aayog
India
Manikkan Sangameswaran
Executive Director & CEORadiance Renewables
India
Manikkan is Co-Founder & Director of Origin Renewables Pvt. Ltd., which is a developer of distributed renewable energy generation projects through RESCO model. He has extensive experience in infrastructure, financing, asset management, investment banking and advisory services having held executive leadership positions at ICICI Venture, Babcock & Brown, ABN AMRO, UBS Warburg etc. Manikkan has worked on large transactions for private, public and Government sectors including privatization of Mumbai and Delhi airports, and advised MOCA on the economic regulations/ tariff setting for major airports in India. Manikkan has a Bachelors in Mechanical Engineering and a Masters in Management Studies and a M.Sc in Business Economics.
Mohit Bhargava
CEONTPC Renewable Energy Limited
India
Neha Kumar
India Programme ManagerClimate Bonds Initiative
India
Ms Neha Kumar works as the India Programme Manager for Climate Bonds Initiative and is based in Delhi. She drives policy, strategy and partner programmes in the country to scale up the green bonds market and green financial ecosystem. She has fifteen years of experience working on public policy and industry action in India on non financial risks, sustainability and responsible financing. In her stint at GIZ India (German Development Agency) prior to joining CBI, she steered projects that led to ESG disclosures regulation by the Indian market regulator, Securities and Exchange Board of India; and the development of financial sector led Responsible Financing Guidelines.
Sanil Nambooodripad
Managing DirectorOTPC
India
Srini Viswanathan
CEOVibrant Energy Holdings
India
Srini Viswanathan is the Chief Executive Officer of Vibrant Energy, which is a growing its SE Asia based C&I platform to 500MW in 3 years. Previously, he was leading SunEdison India’s C&I business where he led the growth of India’s initial rooftop and C&I open access portfolio. Prior to that, he was the Country Head and Managing Director for Solesa Solar Engineering that provided rooftop and utility scale EPC services across India, Middle East and Africa. Srini started his solar finance and development career by being a founding employee for Sol Systems where he helped in building a mezzanine solar financing fund in Washington DC.
He completed his MBA from Tuck School of Business at Dartmouth and started his career at UBS Investment Bank
Virender Pankaj
CEOAseem Infrastructure Finance
India
Santosh Janakiram
PartnerCyril Amarchand Mangaldas
India
Santosh Janakiram is a partner in and head of Cyril Amarchand Mangaldas’ Infrastructure and Project Finance Group. He has rich experience in banking, projects, project financing, structured financing, acquisition financing and private equity and represents developers, sponsors, lenders and contractors in infrastructure and project finance transactions. He is also involved in various infrastructure sectors, including energy, transportation and mining. Chambers and Partners have since 2009 considered Santosh a Leading Lawyer in India in the Projects, Infrastructure & Energy sector. He has been named a Highly Regarded Lawyer in Banking,
Avinash Anurag
Sr. Vice PresidentSBI Capital Markets
India
Deepak Khurana
Director (I&A), South Asia & ASEANLondon Stock Exchange Group
India
Jason Pellmar
New Business Manager, Infra, South AsiaIFC
India
Kranti Mohan
PartnerCyril Amarchand Mangaldas
India
Srishti Ahuja
Partner-Transaction AdvisoryEY
India
Baldeo Purushartha
Joint SecretaryDepartment of Economic Affairs
India
He Joined the Indian Administrative Service (IAS) in 2002. Before joining as Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, he served as Secretary, Lokpal and Divisional Commissioner, Jalandhar, Punjab from 08/2018 to 01/2020. He also served in various field and secretariat positions in the Government of Punjab and Government of India. Among the posts he has held are Private Secretary to Union Minister of State (Independent Charge) in the Ministry of Housing and Urban Affairs; Director, Industries and Commerce Department, Punjab; Director, Technical Education and Industrial Training, Punjab, Commissioner, NRI, Punjab and Special Secretary, Expenditure, Punjab.
Harsh Shah
CEO & Executive DirectorIndiGrid
India
Mr. Harsh Shah has extensive experience in infrastructure sector across bidding, financing, operations, M&A and regulatory policy. Mr. Shah was instrumental in setting up IndiGrid, India’s first InvIT in the power transmission sector, where he currently serves as the CEO and Whole-time Director. He is also a member of the SEBI Advisory Committee for InvITs and REITs. Previously, he served as the CEO at Sterlite Power Transmission. He has worked with L&T, L&T Infrastructure Finance Company Limited and Procter & Gamble International Operations Pte. Limited. He holds a Master’s degree in Business Administration from the National University of Singapore and a Bachelor’s degree in Electrical Engineering from the Nirma Institute of Technology.
KS Giridhar
CIOLife Insurance Corporation of India
India
Nipa Sheth
Managing DirectorTrust Group
India
Parin Mehta
CFOVirescent Infrastructure Investment Managers
India
Pawan Kant
CEOIndInfravit Trust
India
Mr. Kant is an Infrastructure & engineering professional with nearly 30 years industry experience in Core Infrastructure, construction, Real Estate sectors. He has worked with reputed organizations such as Great Eastern Shipping Co Ltd, Hindustan Construction Company Ltd, Sembcorp Construction and Engineers (Singapore), the Tata Group. He has worked across functions such as Project Financing & Structuring, Strategic Planning, Project Execution, Operations, Commercial and Contracts, Tendering and Business development. He has worked in India, Middle East and Singapore on large infrastructure projects such as Roads, Industrial park, SEZs, Power Transmission, Condominium projects, Townships, etc.
The 3rd edition of the India GRI Infra & Energy 2022 meeting in New Delhi aims to:
Discuss themes in an informal format, in which everyone can participate and interact
Share solutions to the most common challenges of the emerging markets
Build new business opportunities with global investors
Debate strategic topics to define the future of the infrastructure sectors
Connect yourself with peers and meet new partners
During the event the following safety measures will be implemented:
The use of a face mask is mandatory at all times, except when consuming food and beverages
Participants must sanitize their hands regularly (antibacterial hand sanitizer available at the hotel)
Avoid handshakes
Maintain the assigned distance between seats
Meet our exclusive format
GRI has no speakers, no presentations. Instead, you have a selection of closed-door discussions where everyone can participate.
Much like a conversation in your own living room, the dynamic environment allows you to engage with your peers in an informal and collegial setting.
We preserve this traditional format even in our on-line meetings.
Much like a conversation in your own living room, the dynamic environment allows you to engage with your peers in an informal and collegial setting.
We preserve this traditional format even in our on-line meetings.
Snapshots from our last 2 editions
Bruce Crane (OMERS Infrastructur...
Hans-Martin Aerts (APG Asset Man...
Jawad Qasim (Itaú BBA)
Mudit Parashar (GVK Airport Deve...
Mukesh Gupta (Railway Board of I...
Networking during the second day...
Rajesh Sharma (National Highways...
Shefali Juneja (Ministry of Civi...
Sidharath Kapur (GMR Airports Li...
Varun Sachar (Asun Solar Power)
Global investors discussion duri...
Josep Quiles Perez (Isadak)
See what participants have to say
“GRI Club has an effective platform for both strategic players and investors to meet and exchange views. The organised meetings and forums are always current and relevant. The network is blossoming within India and beyond”
Boon Chin Hau
Head of Emerging Markets Investments
GIC
Boon Chin Hau
Head of Emerging Markets InvestmentsGIC
Singapore
Chin Hau joined the GIC Infrastructure Group in 2008 and currently has lead coverage responsibility for the Emerging Markets. Prior to joining GIC, Chin Hau was an Investment Manager at Pulsar Energy Capital where he invested in projects across the energy sector in Europe and the Americas. Before Pulsar, Chin Hau was a member of the Infrastructure advisory team at Credit Suisse covering a range of projects in transport, logistics and aerospace. He began his career at Singapore Power where he managed natural gas pipeline projects. Chin Hau has a MEng degree from Imperial College London and an MBA from the University of Chicago.
“GRI Club in India is a great initiative to bring together investors and developers in the infrastructure market to discuss long-term solutions that will enhance institutional investments and quality of infrastructure in India; we can expect this forum to become an important medium to voice opinions and provide proactive and practical solutions to many challenges.”
Saurabh Agarwal
Managing Director, Infra, South Asia
CDPQ
Saurabh Agarwal
Managing Director, Infra, South AsiaCDPQ
India
Saurabh Agarwal is the Managing Director, Infrastructure, spearheading CDPQ’s infrastructure investment efforts in South Asia, based in New Delhi, India. He is responsible for strategy development, sourcing, evaluating, executing and managing high-quality investments, as well as developing long-term partner relationships in the region. Saurabh has 19+ years of experience in financial and technology sectors. At CDPQ, he leads CDPQ’s investments across sectors including utilities, renewables, transportation, telecom and social.
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Sectoral Club Partners India
Contributor Sponsors
http://www.trilegal.com/
+91 22 4079 1000
Mumbai | Maharashtra | India
Trilegal is one of the leading law firms in India, providing innovative and quality legal services across the spectrum of corporate law. With over 400 lawyers spread across Bengaluru, Delhi, Gurugram and Mumbai, the Firm consistently advises many of the world’s leading corporations, financial institutions, and fund houses on their complex and first-to-market transactions. Trilegal has been recognised as the ‘Law Firm of the Decade’ at the RSG Grow India Awards.
http://www.cyrilshroff.com/
+91 22 2496 4455
Mumbai | India
Cyril Amarchand Mangaldas is India’s leading law firm with global reputation of being trusted advisors to its clients. Tracing its professional lineage to 1917, cam was founded to continue the legacy of Amarchand & Mangaldas & Suresh A. Shroff & Co. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity funds, venture capital funds, start-ups, government and regulatory bodies.
https://www.ey.com/en_in
+ 91 22 61920000
Mumbai | India
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
http://www.pwc.com/in/en
+91 91 79 3091 7000
Mumbai | India
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 158 countries with more than 2,36,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com In India, PwC has offices in Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai and Pune. For more information about PwC India’s service offerings, visit www.pwc.com/in PwC refers to the PwC International network and/or one or more of its member firms, each of which is a separate, independent and distinct legal entity. Please see www.pwc.com/structure for further details.
Few participants include
Anil Khandelwal
Principal Executive Director, GATI ShaktiMinistry of Railways
India
Ashwani Sharma
COO, ROADIS IndiaROADIS
India
Avinash Anurag
Sr. Vice PresidentSBI Capital Markets
India
Baldeo Purushartha
Joint SecretaryDepartment of Economic Affairs
India
He Joined the Indian Administrative Service (IAS) in 2002. Before joining as Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, he served as Secretary, Lokpal and Divisional Commissioner, Jalandhar, Punjab from 08/2018 to 01/2020. He also served in various field and secretariat positions in the Government of Punjab and Government of India. Among the posts he has held are Private Secretary to Union Minister of State (Independent Charge) in the Ministry of Housing and Urban Affairs; Director, Industries and Commerce Department, Punjab; Director, Technical Education and Industrial Training, Punjab, Commissioner, NRI, Punjab and Special Secretary, Expenditure, Punjab.
Deepak Khurana
Director (I&A), South Asia & ASEANLondon Stock Exchange Group
India
Dinesh Jagdale
Joint SecretaryMNRE
India
Shri. Dinesh Jagdale is currently serving as the Joint Secretary, Ministry of New and Renewable Energy. Shri. Jagdale is Graduate in Electronics Engineering with Master’s in Business Administration with specialization in Marketing and has 29 years of rich experience in electrical & renewable industry. An innovative thinker, Self-motivated, visionary professional has spent 19 years of his career working in Renewable Industry in various capacities.He has been actively involved as consulting personnel in formulation of state government policies for Wind & Solar Energy generation, striking a balance between developers of the project & sustainability of the transmission and distribution companies.
http://mnre.gov.in/
+91 11 24361298
New Delhi | Delhi | India
The Ministry of New and Renewable Energy is a ministry of the Government of India that is mainly responsible for R&D, IP protection, international cooperation, promotion, and coordination in renewable energy sources like wind, hydro, biogas & solar.
INFRASTRUCTURE
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for Premium members
This event is exclusive for GRI members.