India's DLF closes sale of 150-MW wind project in Gujarat
Jul 8, 2013 - Indian property developer DLF Ltd (BOM:532868) said today it had finalised the previously announced sale of a 150-MW wind project in the state of Gujarat to Bharat Light & Power Pvt Ltd for INR 3.25 billion (USD 53.6m/EUR 42m).
The sale, first announced in late January, is in line with the group’s goal to shed all of its non-core assets, DLF said in a statement to the Bombay Stock Exchange (BSE).
In April, DLF said it had offloaded 34.5 MW of Tamil Nadu wind projects for INR 1.89 billion and also unveiled a INR-522-million deal for the sale of 33 MW in Rajasthani wind projects.
DLF's wind power business also includes an 11.2-MW facility in Karnataka.