ORIX owns 49 per cent stake in IL&FS’ wind portfolio, and GAIL has emerged the highest bidder for the remaining 51 per cent stake in these assets GAIL’s ambition to expand its renewable portfolio through Il&FS’ wind portfolio faces a new hurdle. ORIX Corporation of Japan (ORIX) has now expressed its intent to exercise its […]
GAIL India top bidder for IL&FS Wind Energy
GAIL heads the bidding list for 7 operating wind power plants. Mumbai: GAIL IndiaNSE -1.57 % has emerged as the highest bidder for IL&FS Wind Energy offering Rs 4,800 crore. If the sale were to go through, it would be the first resolution by the Uday Kotak-led board at the struggling infrastructure financier. GAIL heads […]