Srei Infrastructure Finance is said to have hunting some of the 90 wind mills of the troubled edible oil producer, KS Oils, now being put up for sale through an auction. Srei, as a financier that drove KS Oil’s wind power foray, was ranged against the move by bankers claiming exclusive charge on those assets.    

Hemant Kanoria, Managing Director, Srei, said that if the company gets a good price, it will certainly bid for KS Oils’ assets. Now, it has no objection to the asset sale. The company's dispute with the bankers to KS Oils has been settled.    

Earlier, Srei had gone to the court demanding proceeds from the sale of the assets be kept away to settle its loans. KS Oils, with a debt burden of about Rs 4,000 crore, was earlier referred to the corporate debt restructuring scheme and the lenders had appointed SBI Capital Markets to auction off 92 windmills owned by the company spread over Madhya Pradesh, Rajasthan, Tamil Nadu and Gujarat.