India 's Orix Corporation plans to buy the remaining shares in a portfolio of wind farms it co - owns with IL&FS Wind Energy in India . The portfolio consists of seven plants of 874 MW capacity in 12 states . Orix holds a 49 % stake in each project . IL&FS , which is suffering from debt - related financial difficulties , initiated the sale of its controlling shares in November . The seven wind power plants, in the form of special purpose vehicles (SPVs) and owned by IL&FS Limited (IWEL), are spread across 12 states with a total generation capacity of 874 MW. GAIL emerged as the winning bidder , but has decided to exercise its right to purchase the assets by matching its bid . The deal should be completed by the end of 2018 , subject to regulatory approval .
India 's Orix Corporation plans to buy the remaining shares in a portfolio of wind farms it co - owns with IL&FS Wind Energy in India . The portfolio consists of seven plants of 874 MW capacity in 12 states . Orix holds a 49 % stake in each project . IL&FS , which is suffering from debt - related financial difficulties , initiated the sale of its controlling shares in November . GAIL emerged as the winning bidder , but has decided to exercise its right to purchase the assets by matching its bid . The deal should be completed by the end of 2018 , subject to regulatory approval .