{"id":270768,"date":"2019-04-23T07:12:44","date_gmt":"2019-04-23T07:12:44","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=270768"},"modified":"2019-04-23T07:12:51","modified_gmt":"2019-04-23T07:12:51","slug":"gail-emerges-highest-bidder-for-ilfs-wind-assets-portfolio","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-emerges-highest-bidder-for-ilfs-wind-assets-portfolio\/","title":{"rendered":"GAIL emerges highest bidder for IL&amp;FS wind assets\u2019 portfolio"},"content":{"rendered":"<p>State-run GAIL (India) Ltd. has emerged as the highest bidder for seven wind power projects of the debt-ridden Infrastructure Leasing and Financial Services (IL&amp;FS), after it made an offer of Rs. 4,800 crore.<\/p>\n<p>The process to sell the assets was initiated on November 29. After due-diligence, including visits across 12 sites spread across seven States, GAIL had emerged as the highest bidder for the seven operating wind power plants having a total generation capacity of 874 MW. The deal is expected to close in three weeks.<\/p>\n<p>\u201cGAIL\u2019s offer of approximately Rs. 4,800 crore for 100% of the enterprise value contemplates no hair-cut to the debt of the special purpose vehicles (SPVs), aggregating to approximately Rs. 3,700 crore,\u201d IL&amp;FS said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run GAIL (India) Ltd. has emerged as the highest bidder for seven wind power projects of the debt-ridden Infrastructure Leasing and Financial Services (IL&amp;FS), after it made an offer of Rs. 4,800 crore. The process to sell the assets was initiated on November 29. After due-diligence, including visits across 12 sites spread across seven States, GAIL had emerged as the highest bidder for the seven operating wind power plants having a total generation capacity of 874 MW. The deal is expected to close in three weeks. \u201cGAIL\u2019s offer of approximately Rs. 4,800 crore for 100% of the enterprise value contemplates [&hellip;]<\/p>\n","protected":false},"author":44,"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-270768","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270768","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=270768"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270768\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=270768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=270768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=270768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}