{"id":348807,"date":"2025-05-27T11:30:05","date_gmt":"2025-05-27T06:00:05","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=348807"},"modified":"2025-05-27T13:15:42","modified_gmt":"2025-05-27T07:45:42","slug":"cyril-amarchand-mangaldas-advises-hexa-climate-afforestation-purulia-west-bengal","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/05\/27\/cyril-amarchand-mangaldas-advises-hexa-climate-afforestation-purulia-west-bengal\/","title":{"rendered":"CAM Advises Hexa Climate on Pioneering Afforestation Project in West Bengal&#8217;s Purulia District"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">Cyril Amarchand Mangaldas advised Hexa Climate (the portfolio company of I-Squared Capital), in structuring and execution of a novel afforestation project in Purulia district of West Bengal, in partnership with Asvata (the carbon credit venture of RPG group). The project aims to convert fallow land in certain identified land parcels of Purulia district into thriving forest area with an initial coverage of 500,000 trees with a potential to grow to an aggregate capacity of more than 1.5 million trees. The project aims to harness the carbon credits generated from the afforestation programme through VERRA (formely <span style=\"font-style: italic;\">Voluntary Carbon Standard<\/span>, a carbon credit offset organisation based in the USA), specialising in AFOLU (Agriculture, Forestry, and Other Land Use) sector, as well as other sectors such as energy, transport, waste, manufacturing industries. The project will use VM 0047 methodology for mapping of carbon credits and monitor the afforestation and conservation efforts through drones and remote monitoring programmes.<\/p>\n<p style=\"margin-bottom: 3%;\">The transaction team was led by <span style=\"font-weight: bold;\">Ajay Sawhney<\/span>, <span style=\"font-style: italic;\">Partner (Head &#8211; Northern Region)<\/span>; and <span style=\"font-weight: bold;\">Bhupendra Verma<\/span>, <span style=\"font-style: italic;\">Partner<\/span>; with support from <span style=\"font-weight: bold;\">Shubham Singh<\/span>, <span style=\"font-style: italic;\">Senior Associate<\/span>; and <span style=\"font-weight: bold;\">Anurag Mawai<\/span>, <span style=\"font-style: italic;\">Associate<\/span>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cyril Amarchand Mangaldas advised Hexa Climate (the portfolio company of I-Squared Capital), in structuring and execution of a novel afforestation project in <\/p>\n","protected":false},"author":67011,"featured_media":348818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[82574,82576,30960,82577,82573,81364,82575,71385,35319],"class_list":["post-348807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-afforestation-project","tag-asvata","tag-cyril-amarchand-mangaldas","tag-environmental-project","tag-hexa-climate","tag-legal-advisory","tag-purulia-district","tag-sustainability","tag-west-bengal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cyril Amarchand Mangaldas Advises Hexa Climate on Afforestation Project in Purulia District, West Bengal | SCC Times<\/title>\n<meta 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