GAIL might buy some wind energy assets of IL&FS: sources

GAIL might buy some wind energy assets of IL&FS: sources

Reuters  |  NEW DELHI 

(Reuters) - Gas utility (India) Ltd might be interested in buying some of the wind assets of debt-laden (IL&FS) but has yet to have any discussion on the matter, two sources from said on Friday.

The sources said would not consider buying the entire assets of unless offered at a steep discount.

"GAIL is not aware that is in the market to sell its assets. When they come to the market and to us, we will have a look at it," said one of the officials.

has an installed capacity of 775.2 MW, while GAIL, which wants to expand its renewable energy portfolio, owns 128 MW.

A GAIL did not respond to Reuters' request for a comment, while IL&FS declined to comment.

(Reporting by Nidhi Verma; Editing by Subhranshu Sahu)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 16 2018. 16:46 IST