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Financials

India's GAIL emerges as highest bidder for IL&FS wind energy assets

April 22 (Reuters) - India’s debt-ridden Infrastructure Leasing and Financial Services (IL&FS) said on Monday that GAIL (India) Ltd has emerged as the highest bidder for seven of its wind power plants.

GAIL has offered about 48 billion rupees ($689.31 million) for the wind energy assets.

$1 = 69.6350 Indian rupees Reporting By Arnab Paul in Bengaluru; Editing by Shreejay Sinha

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