India's GAIL emerges as highest bidder for IL&FS wind energy assets

IL&FS Investment Managers

22/04/2019 14:41

April 22 (Reuters) - India's debt-ridden Infrastructure
Leasing and Financial Services (IL&FS) said on Monday that GAIL
(India) Ltd  GAIL.NS  has emerged as the highest bidder for
seven of its wind power plants.
    GAIL has offered about 48 billion rupees ($689.31 million)
for the wind energy assets. 
    

($1 = 69.6350 Indian rupees)

 (Reporting By Arnab Paul in Bengaluru; Editing by Shreejay
Sinha)
 ((arnab.paul@thomsonreuters.com; +91 8067493881; Reuters
Messaging: arnab.paul.thomsonreuters.com@reuters.net))