Tags: Orix

IL&FS proposes to NCLT sale of wind energy assets to ORIX of Japan

Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan’s Orix Corporation which will help reduce the debt of the company by Rs 4,800 crore. Infrastructure Leasing and Financial Services (IL&FS) said in a statement it has filed the proposal to complete the sale […]

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Orix to buy seven 874 MW wind energy plants of IL&FS

Debt-ridden IL&FS on Sunday said Japan’s Orix Corporation, which owns 49 per cent share each in its seven operating wind power plants, has expressed intent to buy the remaining stake in those assets. The seven wind power plants, in the form of special purpose vehicles (SPVs) and owned by IL&FS Wind Energy Limited (IWEL), are […]

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