DLF says sells part of wind power assets for 2.82 billion rupees

MUMBAI Thu Jan 31, 2013 6:14pm IST

A man paints a logo of Indian property developer DLF Ltd. at their construction site in Mumbai June 11, 2007. REUTERS/Punit Paranjpe/Files

A man paints a logo of Indian property developer DLF Ltd. at their construction site in Mumbai June 11, 2007.

Credit: Reuters/Punit Paranjpe/Files

Related Topics

Stocks

   

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)

FILED UNDER:

Reuters Showcase

Uber's Woes

Uber's Woes

Uber, other taxi-hailing apps hit new roadblock in Delhi.  Full Article 

Transfer Pricing

Transfer Pricing

India's Vodafone decision eases tax worries for Shell, others.  Full Article 

Facebook Earnings

Facebook Earnings

Facebook tops Wall Street revenue target in 4th quarter.  Full Article 

Governance Reforms

Governance Reforms

IMF sets June deadline for progress on governance reforms.  Full Article 

Fed's Stance

Fed's Stance

Fed upbeat on U.S. economy, cites strong job gains.  Full Article 

Tumultuous Run

Tumultuous Run

McDonald's CEO Don Thompson leaving.  Full Article 

Samsung Results

Samsung Results

Samsung Elec's smartphone primacy under threat from Apple after weak Q4.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage