IDFC Alternatives to Acquire 24 Megawatt Wind Power Project from Jindal Steel & Power (Asia)

Source: Jindal Steel & Power

India-focused private equity firm IDFC Alternatives has agreed to acquire a 24 megawatt wind power generation business in Maharashtra from National Stock Exchange-listed power generation company Jindal Steel and Power. IDFC will invest through India Infrastructure Fund II. Financial details of the transaction, which is subject to customary regulatory approval, were not disclosed.