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
- UPDATE 2-Malaysia Airlines plane returns safely after landing gear scare
- On Easter, Pope calls for end to war, condemns waste exacerbating hunger
- Abdullah widens lead in Afghan presidential vote - latest count
- Australia sees "regroup" on Malaysian plane search in a few days
- Bangalore-bound Malaysia Airlines plane to make emergency landing
Nitin Gadkari, former president of the Bharatiya Janata Party and a member of the BJP’s manifesto committee, speaks to Reuters. Here are the edited excerpts. Full Article