According to sources, the new board of shadow bank Infrastructure Leasing and Financial Services (IL&FS), which has defaulted on some of its debt, has decided to sell off its assets as part of a restructuring plan.
Gas utility GAIL (India) might be interested in buying some of the wind assets of IL&FS but is yet to have any discussion on the matter.
The report confirms that GAIL would not consider buying the entire wind energy assets of IL&FS unless offered at a steep discount. IL&FS has an installed wind energy capacity of 775.2 MW, while GAIL, which wants to expand its renewable energy portfolio, owns 128 MW.
