In its first asset sale since going bust last year, Infrastructure Leasing and Financial Services Ltd (IL&FS) 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 to sell wind portfolio to GAIL in first asset sale since crisis
Date posted: Tuesday 23 April 2019