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
- Boxer Sarita Devi faces action after refusing medal at Asian Games
- Hong Kong leader plays waiting game, protesters demand he resigns
- Brookfield wins Revel Casino auction, but loser vows to fight
- CANADA STOCKS-TSX fall gets deeper as financial, energy shares drag
- UPDATE 2-EU-Russia gas duel deepens with Slovakia supply cut
India could run out of a critical medicine in its free HIV/AIDS drugs programme in three weeks due to bureaucratic bungling, a senior government official said, leaving more than 150,000 sufferers without life-saving drugs for about a month. Full Article