Gujarat NRE Coke (GNCL) has received approval from its shareholders for the sale of its 62 wind mills in Gujarat of a total wind power energy production capacity of 87.5 MW. The company has been successful in entering into agreements for sale of the entire wind mill business for an amount of Rs 218.75 crore.
The said sale is subject to a complete due diligence by the buyer of the business and approval from all relevant authorities and lenders of GNCL.
Gujarat NRE Coke (GNCL), the flagship company of Gujarat NRE group, is one of the largest independent producers of met coke in India with an installed capacity of 1.5 million tonnes per annum (MTPA).
