DLF sells wind energy projects for Rs 240.9 cr

As part of its ongoing strategy of exiting from non-core business, DLF announced sale of its wind turbine projects in Tamil Nadu and Rajasthan for Rs 240.9 crore.

In a filing to the BSE, DLF said: "A definite agreement has been entered between the company's wholly owned subsidiary DLF Home Developers and Tulip Renewable Powertech". Accordingly, Tamil Nadu's wind mill project of 34.5 MW capacity, including related assets and liabilities and relevant long term loans, has been transferred to Tulip for Rs 188.7 crore.

Similarly, DLF Home Developers has entered into another agreement with Violet Green Power for sale of Rajasthan wind mill undertaking of 33 MW capacity for consideration of Rs 52.2 crore.

DLF, the country's largest realty firm, had sold earlier 150MW wind mill in Gujarat to Bharat Light and Power for Rs 282.30 crore. Now, the company is left with only Karnataka's wind mill having a capacity of 11MW. (With Agency Inputs)