June 26, 2017 8:35 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of IL&FS Wind Energy Limited

Company Overview

IL&FS Wind Energy Limited owns and operates wind energy farms. The company was incorporated in 2016 and is based in Ahmedabad, India. IL&FS Wind Energy Limited was formerly known as Mandvi LNG Terminal Ltd. IL&FS Wind Energy Limited operates as a subsidiary of Infrastructure Leasing & Financial Services Limited.

301-303 Kaivanna Complex

Panchwati

Ahmedabad,  380 006

India

Founded in 2016

Key Executives for IL&FS Wind Energy Limited

IL&FS Wind Energy Limited does not have any Key Executives recorded.

IL&FS Wind Energy Limited Key Developments

IL&FS In Advanced Talks to Merger Wind Assets With Orient Green

Infrastructure Leasing & Financial Services Limited (IL&FS) is in advanced talks to merge its wind energy assets, housed under IL&FS Wind Energy Ltd with Orient Green Power Company Limited (NSEI:GREENPOWER). The all-stock reverse merger of unlisted IL&FS Energy Development will value the combined entity at INR 45 billion to INR 50 billion, said two people with knowledge of the matter. "The boards of IL&FS and Orient are expected to meet soon and discuss a merger proposal which, if cleared, will help the entity to acquire more wind energy assets," said one of the persons quoted earlier. "The plan is to consolidate and use stock and cash to acquire assets that will help scale up capacity to over 2,000 MW by financial year 2018." The merged entity will have INR 12 billion operating profit on revenue of INR 14 billion. Valued at seven times the operating profit, it will have a debt of INR 35 billion. IL&FS' public relations agency said, "As a matter of policy, IL&FS does not comment on media and market speculation related to the group and its affiliate companies." Orient Green Power did not respond to an ET questionnaire until press time. Orient Green Power Company Limited (NSEI:GREENPOWER) board has approved entering exclusive discussions with Infrastructure Leasing & Financial Services Limited (IL&FS) to explore a merger between wind energy assets of both companies, it said in a regulatory filing.

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