DLF says sells part of wind power assets for 2.82 billion rupees
MUMBAI (Reuters) - DLF Ltd(DLF.NS) said on Thursday it would sell part of its wind power assets with a capacity of 150 megawatts to Bharat Light and Power Pvt Ltd for 2.82 billion rupees as part of its plans to reduce debt.
DLF signed an agreement with BLP for the transfer of the assets, located in Kutch in Gujarat, the statement said.
DLF has a total of 227 MW capacity wind turbines across four Indian states, it said.
DLF, which builds homes and offices mainly in its key market of northern India, said in November last year that it intended to sell non-core assets to reduce its 232 billion rupees worth of debt.
(Reporting by Indulal PM; Editing by Gopakumar Warrier)
- Tweet this
- Share this
- Digg this
- Alabama man claims penis was amputated by mistake
- Russian military likely reluctant participants in Ukraine-US general
- UPDATE 2-U.S. says Russia firing artillery over border at Ukraine military
- India blocks WTO deal on customs rules as deadline nears
- UPDATE 4-Liberian man in Lagos being tested for Ebola
India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically. Full Article