GAIL likely to buy IL&FS wind energy Assets

It is learnt that, State-owned gas utility company GAIL (India) Ltd is considering acquiring all of the wind energy assets held by subsidiary of debt-laden Infrastructure Leasing and Financial Services (IL&FS).

GAIL India is looking to buy 775 MW of wind energy assets from IL&FS Energy Development Co., a unit of IL&FS, and has approached investment bankers to advise on a possible deal.