{"id":270646,"date":"2019-04-23T05:52:43","date_gmt":"2019-04-23T05:52:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=270646"},"modified":"2019-04-23T06:06:19","modified_gmt":"2019-04-23T06:06:19","slug":"at-%e2%82%b94800-crore-gail-emerges-the-top-bidder-for-ilfs-wind-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/at-%e2%82%b94800-crore-gail-emerges-the-top-bidder-for-ilfs-wind-assets\/","title":{"rendered":"At \u20b94,800 crore, GAIL emerges the top bidder for IL&amp;FS\u2019 wind assets"},"content":{"rendered":"<p>With an offer of \u20b94,800 crore, state-owned GAIL has emerged as the highest bidder for the seven wind power plants of debt ridden Infrastructure Leasing and Finance Corporation (IL&amp;FS).<\/p>\n<p>\u201cGAIL\u2019s offer of approximately \u20b94,800 crore for 100 per cent of enterprise value contemplates no haircut to the debt of the special purpose vehicles (SPVs), aggregating to approximately \u20b93,700 crore,\u201d IL&amp;FS said on Monday.<\/p>\n<p>IL&amp;FS had invited expressions of interest for the wind assets on November 29 last year. \u201cAt the end of the binding bidding process, reached after due-diligence including site visits across 12 sites spread across seven States, GAIL (India) Ltd has emerged as the highest bidder for the seven operating wind power plants with a total generation capacity of 874 MW,\u201d it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With an offer of \u20b94,800 crore, state-owned GAIL has emerged as the highest bidder for the seven wind power plants of debt ridden Infrastructure Leasing and Finance Corporation (IL&amp;FS). \u201cGAIL\u2019s offer of approximately \u20b94,800 crore for 100 per cent of enterprise value contemplates no haircut to the debt of the special purpose vehicles (SPVs), aggregating to approximately \u20b93,700 crore,\u201d IL&amp;FS said on Monday. IL&amp;FS had invited expressions of interest for the wind assets on November 29 last year. \u201cAt the end of the binding bidding process, reached after due-diligence including site visits across 12 sites spread across seven States, GAIL [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-270646","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=270646"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270646\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=270646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=270646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=270646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}