Gas utility GAIL (India) might be interested in buying some of the wind assets of debt-laden Infrastructure Leasing and Financial Services (IL&FS) but has yet to have any discussion on the matter, two sources from GAIL said on Friday.
The new board of shadow bank IL&FS, which has defaulted on some of its debt, has decided to sell off its assets as part of a restructuring plan.
The sources said GAIL would not consider buying the entire wind energy assets of IL&FS unless offered at a steep discount.
"GAIL is not aware that IL&FS is in the market to sell its wind energy assets. When they come to the market and to us, we will have a look at it," said one of the officials.
IL&FS has an installed wind energy capacity of 775.2 MW, while GAIL, which wants to expand its renewable energy portfolio, owns 128 MW.
A GAIL spokesman did not respond to news agency Reuters' request for a comment, while IL&FS spokesman declined to comment.
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.