IL&FS to sell wind portfolio to GAIL in first asset sale since crisis2 min read 23 Apr 2019, 12:59 AM IST
IL&FS has agreed to sell its 874 MW operational wind portfolio to GAIL (India) Ltd for ₹4,800 crore
GAIL’s offer of ₹4,800 crore implies that the debt of ₹3,700 crore on the wind power SPVs will be fully paid back
Mumbai: In its first asset sale since going bust last year, Infrastructure Leasing and Financial Services Ltd (IL&FS) on Monday said it has agreed to sell its 874 megawatts (MW) operational wind energy portfolio to state-run gas utility GAIL (India) Ltd for ₹4,800 crore. The sale will close in three weeks, IL&FS said in a statement on Monday.
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