Recent reports on Infrastructure Leasing and Financial Services (IL&FS) being in talks with Orient Green to merge its wind energy assets have been confirmed by Orient Green today.

The company says that a Board Meeting to discuss the proposed merger is taking place today. The all-stock merger is expected to value the combined company at approximately Rs. 4,000-5,000 crore, and would make Orient Green one of the largest listed wind-energy companies in India. The new company would have an operating profit of Rs. 1,200 crore on revenues of Rs. 1,400 crore.