IL&FS unit to sell defunct green energy plant
The Hindu
Shendra Green Energy Ltd. (SGEL), a 100% subsidiary of IL&FS Energy Development Co. Ltd. (IEDCL), has invited request for proposal from potential buyers to sell its parent’s entire stake.SGEL
Shendra Green Energy Ltd. (SGEL), a 100% subsidiary of IL&FS Energy Development Co. Ltd. (IEDCL), has invited request for proposal from potential buyers to sell its parent’s entire stake. SGEL is a 13 MW biomass-based power plant with 21.6 acre of land located in Shendra MIDC, Aurangabad. IEDCL had acquired 100% equity stake in GAPS from the GMS Group in December 2010.
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