INFRASTRUCTURE FINANCE IN INDIA - 12th AAnnnnuuaall CCoonnffeerreennccee
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Organisers: Knowledge partner:
12th Annual Conference
INFRASTRUCTURE FINANCE
IN INDIA
A VIRTUAL CONFERENCE
Current Scenario and Future Strategies
August 26-227, 2021
Avail 30 per cent “Early Bird” discount before July 29, 2021
Avail 15 per cent “Early Bird” discount before August 10, 2021
REGISTER NOWINFRASTRUCTURE FINANCE IN INDIA
Mission
z The road ahead for infrastructure financing in India looks promising despite the macroeconomic headwinds. A number of alternative and long-term
funding avenues are being explored in addition to the traditional sources. However, with the second wave of the pandemic significantly impacting
the growth prospects in 2021-22, lenders and investors continue to remain cautious.
" Credit growth to infrastructure showed some improvement in 2020-21, but the operating environment for banks remained challenging. Infrastructure
credit grew marginally by 3.6 per cent in 2020-21, primarily driven by the road sector.
" The bond market saw some positive developments backed by policy changes. In March 2020, the RBI had long-term repo operations (LTRO) and
targeted LTRO facilities, under which banks can access three-year funds up to Rs 1 trillion to invest in corporate bonds. A number of corporates and
NBFCs including Reliance Industries, the Tata Group, Larsen & Toubro, the Power Finance Corporation and the Indian Railway Finance Corporation
were among the big issuers of debt papers in 2020-21.
" Meanwhile, disinvestment and public asset recycling have emerged as important alternative fundraising routes. The government has approved a policy
of strategic disinvestment of public sector enterprises and aims to generate receipts of Rs 1,750 billion from disinvestments in 2021-22. Potential
brownfield infrastructure assets including roads, airports, electricity transmission, oil and gas pipelines, and telecom towers have been identified
under the National Monetisation Pipeline.
" Despite a cautious stance, foreign investors continue to assume a prominent role, especially in the road, power, renewable and telecom sectors.
Investments in these sectors have come through private equity (PE) funds, pension funds and sovereign wealth funds (SWFs), strategic investors,
infrastructure bonds, IDFs, etc. Greenfield and brownfield projects, operational assets, developer firms, supplier businesses, etc. have all attracted
investor interest.
" A lot of this institutional interest has come through InvITs and the toll-operate-transfer (TOT) model. While three TOT bundles have been awarded,
more than half a dozen InvITs have been launched and many more are in the offing. Road is the most popular sector with three InvITs, followed by one
each in power transmission, gas and telecom. The National Highways Authority of India and Power Grid Corporation of India are in the process of
listing their assets under InvITs.
" In 2020-21 PE activity also continued to grow, dominated by investments in Jio Platforms, which constituted around 71 per cent of the total PE
investments. Some of the other key deals include Global Infrastructure Partners acquiring 306 MW of solar assets from the RattanIndia Group, Cube
Highways acquiring Chenani Nashri Tunnelway Limited, Qatar Investment Authority acquiring Adani Electricity Mumbai, and Orix Corporation
acquiring a stake in Greenko Energy Holdings.
" IPO activity in the infrastructure sector has been driven by the government’s intent to meet its disinvestment target. IRCTC emerged as one of the
most sought after IPOs ever among public sector undertaking IPOs, being oversubscribed by nearly 112 times. RailTel’s IPO was subscribed 42 times
on the final day of subscription.
" Among multilateral development banks, new generation banks such as Asian Infrastructure Investment Bank (AIIB) and the New Development Bank
(NDB) have built up a sizeable infrastructure investment portfolio in the past few years.
" Going forward, new and alternate funding sources have to be developed and tapped to meet the massive infrastructure requirements of Rs 111 trillion
under the National Infrastructure Pipeline. The creation of a development finance institution (DFI) with a capital base of Rs 200 billion will facilitate
long-term funding to infrastructure projects. That said, the economic fallout of the pandemic will have a lingering effect on the financial system in
the current fiscal. The disruptions caused by the pandemic will lead to a slow recovery in investor confidence, and will also increase the need for
debt restructuring and refinancing.
" The mission of this conference is to discuss the current stance of investors and financiers in light of the pandemic, identify the potential funding
sources to tap long-tterm financing for projects, and assess the short-tterm and long-tterm outlook for infrastructure financing in India.
Target Audience
z The conference is a must-attend event for all infrastructure developers seeking financing as well as for financiers seeking projects for funding. The
conference is targeted at:
- Infrastructure developers - State financial corporations - Sectoral advisory firms
- Infrastructure finance groups in commercial banks - Insurance firms - Financial institutions
- Private equity firms - Credit rating firms - Financial advisory firms
- Infrastructure fund managers - Sector consultants - Asset reconstruction companies
- Institutional investors - Legal firms - NBFCs
- Bilateral and multilateral agencies - Infrastructure project contractors - Sectoral advisory firms
- Development agencies - Technology & equipment providers - Etc.
To register: Call +91-99711588987, email: tania.agarwal@indiainfrastructure.com, or visit us at www.indiainfrastructure.comAugust 26-227, 2021
AGENDA/STRUCTURE
TRENDS, RISKS AND INVESTMENT OUTLOOK GLOBAL STRATEGIC INVESTORS’ PERSPECTIVE
What have been the key financing trends in the past 12-15 months? What has been the experience of strategic investors?
How has the infrastructure financing landscape evolved in light of the What types of investment opportunities are available? Which sectors offer the
pandemic? most appeal?
What is the overall investment outlook? What are the risks and challenges? What are the historical and expected
returns?
PUBLIC ASSET MONETISATION AND PIPELINE What is the outlook for investment in the infrastructure sectors?
What has been the experience so far with asset monetisation? What has been
the impact of Covid-19? LONG-TTERM INSTITUTIONAL INVESTORS’ PERSPECTIVE: SWFS AND PENSION
Which are the sectors that offer the maximum investment opportunity under FUNDS
the National Monetisation Pipeline? What is the current stance of long-term institutional investors on Indian
What are the potential modes (InvITs, TOT, etc.) for the monetisation of infrastructure? What has been their overall experience in the past 8-12
strategic assets? months?
What are the types of investment opportunities available? Which sectors offer
LENDERS’ PERSPECTIVE: CURRENT STANCE AND NEXT STEPS the most appeal?
What is the lenders’ stance towards infrastructure in the current scenario? What are the biggest challenges at present? What have been the key lessons
Has the credit deployment to infrastructure improved in 2020-21 as learnt?
compared to 2019-20? What are the historical and expected returns?
How are the lenders dealing with challenges such as low borrowing capacity What is the outlook for investing in infrastructure over the next two to three
of businesses and high possibility of defaults? years?
What is the level of provisioning expected by lenders for NPAs in the current
fiscal? STRENGTHENING THE BOND MARKET
What are the expectations of lenders from policymakers to revive credit growth? What is the role of bond financing in meeting the investment needs?
What are the regulatory improvements needed to diversify the investor
FUTURE OF DISTRESSED ASSETS base?
What is the current scenario with regard to stressed infrastructure assets? What are the steps needed for credit enhancement?
What has been the impact of Covid-19 on stressed assets? What is the potential for masala bonds and green bonds?
What has been the resolution experience under the IBC and non-NCLT route
in the past few months? ROLE AND POTENTIAL OF IDFs
What are the issues and challenges being faced currently? What is the current role of IDFs in providing long-term credit?
What are the regulatory changes required to enhance the role of IDFs in
INFRASTRUCTURE INVESTMENT TRUSTS: EXPERIENCE, CHALLENGES AND infrastructure financing?
POTENTIAL What is the future potential?
What has been the experience so far? What are the key concerns?
What regulatory and legislative changes can be made to address them? ENHANCED ROLE OF MULTILATERAL DEVELOPMENT AGENCIES
What steps can be taken to improve access to bank credit facilities and What has been the experience of multilateral development agencies (ADB,
channelise long-term capital from pension funds and insurance companies? NDB, AIIB, etc.) in financing India’s infrastructure?
What are the preferred routes for funding? What are some of the big-ticket
PRIVATE EQUITY SCENARIO deals/investments?
What is the current stance of private equity investors on Indian infrastructure? What are the risks and returns?
What has been their overall experience in the past 8-12 months? What role are they expecting to play in the future?
Which are the preferred routes being considered for acquiring assets?
What are the new sectors that investors are exploring in the current scenario? EMERGING DEBT RESTRUCTURING AND REFINANCING REQUIREMENTS
What are the biggest challenges being faced by investors? What will be impact of Covid-19 on debt restructuring and refinancing? What
has been the lenders’ response to this?
NBFCs AND DFIs What are the refinancing and restructuring measures being explored by
What has been the experience of NBFCs in infrastructure financing? lenders?
What will be the impact of the proposed DFI on infrastructure financing? What are the risks and challenges?
What are the key challenges and the future role of NBFCs?
To register: Call +91-99711588987, email: tania.agarwal@indiainfrastructure.com, or visit us at www.indiainfrastructure.comINFRASTRUCTURE FINANCE IN INDIA
What differentiates our conferences?
z The agenda is developed by our researchers, who track the sector round the year. It is thus relevant and topical. It is
not driven by a particular organisation and does not have a particular slant.
z The speakers are professionals and experts involved in the sector, not a mix of ambassadors, ministers, celebrities and
business owners.
z The conferences do not just comprise panels and speeches; they provide a good mix of expert presentations and case
histories, and of course panel discussions.
z We have representation from across the country, as is the case at our physical conferences too.
z Each stakeholder group – policymakers, developers, financiers, consultants and relevant NGOs – is represented at our
conferences.
z The moderators merely ask the questions. The stars are the speakers themselves.
z The sessions begin and end on time.
z There is adequate time for a Q&A session with each speaker. These are not “hit and run” speeches.
z The delegates are professionals who are vested in the sector, and are not just assembled through social media.
Previous Participants
Acciona Energy, Actis Advisers, Adani Power, Aditya Birla Finance, Aditya Birla Insurance Brokers, AECOM, Aion Capital, ALMT Legal, Anand Rathi,
Anoma Legal Advocate, APIIC, Axis Bank, Axis Private Equity, AZB & Partners, B S R & Co. LLP, Balmer Lawrie, Barclays Capital, Baring Private Equity,
BG Shirke, BMR Advisors, BMT Consultants, BMTC, Brescon Corporate Advisors, Campusville, CARE Ratings, CESC, Chennai Metro Rail, Cipher Capital,
Clasis Law, CPPIB India, Credit Analysis & Research, Crew Infrastructure, CRISIL, Cube Highways, Dave & Girish, DBM Geotechnics, DBS Bank, DEG
Invest, Desai &Dewanji, Dhir&Dhir Associates, DilipBuildcon, DSK Legal, DSP Financial, Duet India, Duff and Phelps, Eagle Infra, Edelweiss ARC, ELP,
Emkay Global, Essar Projects, Essel Mining, E&Y, Fortum India, Fox Mandal & Associates, Frischmann Prabhu, GAIL, Gammon, GE Capital, Global
Infrastructure Partners, Gokal Group, Goldman Sachs, Green Infra, Gujarat International Finance TEC-City, HCC, Hero Future Energies, Highway
Concessions One, Hochtief Concessions, HPCL, HSA Associates, HSBC Securities, IARC, ICICI Bank, ICICI Securties, ICRA, IDBI,IDFC Alternatives, IDFC
Infrastructure Finance, IFCI, IIFCL Asset Management Company, IL&FS Energy Development, IL&FS Investment Managers, IL&FS Maritime Infrastructure
Company, IL&FS Renewable Energy, IL&FS Transportation Networks, IL&FS Trust, IL&FS Urban Infrastructure Managers, India Infradebt, India
Infrastructure Finance Company, India Ratings & Research, India First Life Insurance Company, Indian Oil Tanking, Indian Technocrat, Indigrid, IndusInd
Bank, Indvest Group, Infrastructure Advisors, Infrastructure Debt Fund, IRB, IREP Credit Capital, J Sagar & Associates, Jaipur Metro Rail, Jindal Power,
JMC Projects, JSW, Karaikal Port, KfW, Khaitan& Co., Konkan Railway Corporation, Kotak Mahindra Life Insurance Company, KPMG, L&T IDPL , L&T
Infradebt, L&T Infra Finance, Link Legal, Little & Co, Louis Berger, Luthra & Luthra Law Offices, Marsh, Macquarie Infrastructure and Real Assets,
McKinsey &Company, MEP Infra, Mumbai Metro One Depot, NABARD, National Investment and Infrastructure Fund, Nomura, NVVNL, Pashchima
Projects, PE Consulting, Petronet LNG, PFC, Piramal Capital, Phoenix Legal, Pune Municipal Corporation, PTC India, PWC, Progressive Constructions,
Reliance Nippon Life Asset Management, RattanIndia Power, Reliance Capital, Religare Capital Markets, RMG Alloy Steel, Roadis, Rolls Royce, Seapol
Port, S.P. Singla Constructions, Safire Capital Advisors, Samsung, SBI Bank, SBI Capital Markets, Scomi, Shapoorji, ShardulAmarchandMangaldas& Co.,
Shree Vaishnav Wire & Rod, ShremInfraventure Pvt, Simplex Infrastructures, SKS Ispat& Power, SocieteGenerale, Standard Chartered, State Grid
Corporation Of China, State Bank of Bikaner & Jaipur, Sterlite Ports, Sun Capital, Talwar Associates, Tata Capital Financial Services, Tata Realty, TCE,TD
Bank, Toyo Engineering, TRIL Roads, Trilegal, Trust Investment Advisors, UBS, Universal Crescent, UTI Capital, VA Tech Wabag, Vedanta, Vinci
Concessions, Visa Steel, Vishwaraj Infrastructure, Wadia Gandhy, Welspun Group, Wipro, YES Bank, ZR Renewable Energy, etc.
To register: Call +91-99711588987, email: tania.agarwal@indiainfrastructure.com, or visit us at www.indiainfrastructure.comAugust 26-227, 2021
Previous speakers (in alphabetic order, as per last name):
Kunal Agarwal, Principal, I Squared Capital Rahul Kumar Dhandhania, General Manager, Finance,
Manish Agarwal, Partner, Leader – Infrastructure, PwC Dilip Buildcon
Rahul Agrawal, Director, Actis Energy Sandeep Kumar Mohanty, Director, Power & Infrastructure
Practice, PricewaterhouseCoopers
Prateek Bagaria, Partner, Singularity Legal
Gaurav Malhotra, Vice-President, Project & Structured Finance,
Rohit Chandak, CFO, Ayana Renewable Power
Cube Highways and Transportation Assets Advisors
Rahul Chhaparwal, Executive Director, Special Situation Fund,
Montek Mayal, Senior Managing Director and Practice Leader –
Kotak Investment Advisors
India, Economic Consulting, FTI Consulting
Nirad Despande, Vice President, Macquarie Infrastructure and
Devki Nandan, Senior Vice President, Head - M&A and Business
Real Assets (India)
Development, JSW Infrastructure
Deep Gupta, Managing Director, Macquarie Infrastructure and Real
Meghana Pandit, Head, M&A & IR, IndiGrid
Assets (India)
Bharat Parekh, Executive Director, CLSA
Vishal Gupta, Senior Vice President, SBI Capital Markets
Vishaka Prasad, Partner, Shardul Amarchand Mangaldas & Co
Aman Hans, Consultant, PPP, NITI Aayog
Shiva Rajaraman, Chief Executive Officer, L&T Infra Debt Fund
Akshay Hiranandani, Deputy Principal, Piramal Capital
Santosh Sankaradasan, Senior Vice President, SBI Capital Markets
Hemant Karaulia, General Manager, Infrastructure 1, Stressed
Asset Resolution Group, SBI Manish Satnaliwala, President, Finance & Chief Financial Officer,
Oriental Structural Engineers
Vishal Kotecha, Associate Director, Global Infrastructure Group,
India Ratings & Research Praveen Sethia, Founder, Infrastructure Advisors
Pushkar Kulkarni, Principal - Infrastructure Private Investments, Jenamejayan Kamalam Shivan, Chief General Manager,
Canada Pension Plan Investment Board Stressed Assets Resolution Group, State Bank of India
Mukesh Kumar, Credit Specialist, Corporate Credit Department- Rishi Shukla, Executive Director, EverSource Capital
LC, Axis Bank Sadashiv Srinivas Rao, Chief Executive Officer,
Mukesh Kumar, President and National Head, Project Finance, NIIF Infrastructure Finance
Transport Sector, CFIB, Yes Bank Narayan Subramaniam, Vice-President, Project Advisory Structure
Sunil Kumar, Deputy General Manager, Project Finance, Finance Group, SBI Capital Markets
SBI Bank Anand B. Surange, Director, Infrastructure Advisors
Raj Kumar Bansal, Managing Director & Chief Executive Officer, Kunjal Thacker, CFO, Pipeline Infrastructure Limited (a Brookfield
Edelweiss Asset Reconstruction Company company)
To register: Call +91-99711588987, email: tania.agarwal@indiainfrastructure.com, or visit us at www.indiainfrastructure.com12th Annual Conference
Infrastructure Finance in India
Current Scenario and Future Strategies
August 26-27, 2021
Registration Fee
INR GST@18% Total INR Total USD
1 Login 12,000 2,160 14,160 200
2-33 Logins 20,000 3,600 23,600 350
4-55 Logins 28,000 5,040 33,040 500
6-99 Logins 36,000 6,480 42,480 650
10-220 Logins 44,000 7,920 51,920 800
z There is a 30 per cent discount before July 29, 2021
z There is a 15 per cent discount before August 10, 2021
z GST @18 per cent is applicable on the registration fee.
z Registration will be confirmed on receipt of the payment.
Please send wire transfer payments to: Bank Account No. 094179587002
Beneficiary India Infrastructure Publishing Private Limited Swift Code HSBCINBB Sponsorship
Bank Name The Hongkong and Shanghai Banking Corporation Ltd IFSC Code HSBC0110006 opportunities are
GSTIN 07AAACI5880R1ZV available
Bank Address R-47, Greater Kailash-1, New Delhi-110048, India
Payment Policy:
z Full payment must be received prior to the conference.
z Payments for “early bird” registrations should come in before the last date of discount. Discount offers cannot be combined with any other offer.
Cover pic courtesy: shutterstock images
z Conference fees cannot be substituted for any other product or service being extended by India Infrastructure Publishing Pvt. Ltd.
Organisers
The conference is being organised by India Infrastructure Publishing, the leading provider of information on the infrastructure sectors through magazines,
newsletters, reports and conferences. It publishes Indian Infrastructure (a magazine devoted to infrastructure policy and finance), as well as Power Line,
Renewable Watch and tele.net magazines. The group also produces a series of reports on the finance and infrastructure sectors. It organises almost four
dozen conferences in a year. Its recent conferences in finance have included: Acquisitions in Infrastructure, Private Equity in Infrastructure, Real Estate
Investment Trusts and Infrastructure Investment Trusts, Infrastructure Finance in India, Bonds Financing, External Commercial Borrowings, Legal Issues
in Infrastructure, Public Asset Monetisation. It also publishes a weekly newsletter on Infrastructure Finance.
Contact: Tania Agarwal, Conference Cell, India Infrastructure Publishing Pvt. Ltd.
B-117, Qutab Institutional Area, New Delhi 110016
Tel: +91-99711588987 | E-m mail: tania.agarwal@indiainfrastructure.comYou can also read
