About Clasis Law

Clasis Law is one of the leading full-service Indian law firms which provide speedy services while upholding the law and following every regulation in the book. The firm is recognized as highly professional and process-driven, with the necessary systems and infrastructure to provide hassle-free services to clients. It has an established capability and operational ability to advise clients across borders through its vibrant network of international law firms located around the globe, including in some of the most difficult jurisdictions in the world. The firm's clients range from Fortune 500 companies to SMEs and small businesses. In addition, it provides specialized services to international SMEs that choose India as their preferred investment destination.


Energy sector is expected to play a key role in India's development. Recognizing the importance of the Energy sector, the Government of India has announced various reforms in the energy sector in recent times. In the Union Budget 2021-2022, USD 42 billion was allocated for a revamped and result-linked new power distribution sector scheme over the next five years. Besides, the government has allocated (approx.) USD 829 million for the ‘Green Energy Corridor’ scheme to boost India’s renewable energy sector.

The Government has also allowed the oil sector PSUs to induct private sector partners for production enhancement, bringing new technology and capital. New policies including the Policy to Promote and Incentivize Enhanced Recovery Methods for Oil and Gas, 2018, and Hydrocarbon Exploration and Licensing Policy, 2016 have been announced by the Indian government.

With various initiatives of the Government including liberalization of the foreign direct investment policy, the energy sector is expected to see a rapid growth in the near future. 

The Firm’s Energy practice team provides practical and solution oriented advice to its clients across the oil & gas value chain - starting from the wellhead to the refinery, i.e., from Upstream that includes both Off-shore and On-shore Exploration and Production, to midstream which includes storage, processing, transportation and finally downstream which includes refining, storage, trading and marketing. The team possesses deep industry knowledge and understanding of dealing with both traditional sectors like oil and gas, petrochemicals, natural gas and LNG as well as the alternate clean energy sectors like solar, wind, bio-mass, etc. Our experience is wide ranging in the oil, power and mining sectors and the team works closely with our other practice teams to ensure that clients are provided with in-depth and sector specific advice along with end-to-end solutions. Our energy practice includes:

  1. Advising investors, developers, operators and financiers, distribution companies, energy consumers and other stakeholders on a wide range of issues encompassing the entire spectrum of matters encountered in any project including setting up of projects, execution of projects, regulatory issues, land issues and all other aspects of oil, gas, mining and power including renewable energy.

  2. Advising on project structuring including drafting, negotiating and finalizing distribution agreements, power purchase agreements, wheeling/transmission agreements, EPC contracts, operation & maintenance contracts, gas supply agreements, production sharing contracts, escrow agreements, memorandum of understanding, deed of hypothecation, share pledge agreement, trust and retention account agreement, mortgage deed and security trustee contracts, besides others.

  3. Advising clients on government as well as corporate advisory on M&A, stake sale, joint venture, disinvestment, drafting and vetting of commercial contracts, dispute management and dispute resolution, risk management, bidding for energy projects and regulatory reporting and compliance advisory.

  4. Advising and assisting the clients in relation to obtaining necessary licences/permissions from the Indian regulatory authorities.

Dinesh Gupta
Dinesh Gupta
Associate Partner

Jaydeep Bhambhani
Jaydeep Bhambhani
Senior Associate

Clasis Law

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