MUMBAI 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)
Trending On Reuters
The Reserve Bank of India (RBI) has not said it is done with interest rate cuts and will keep a close eye on incoming data, Governor Raghuram Rajan told CNBC in an interview. Read | RBI more likely to cut rates in Sept - Reuters poll