Realty major DLF has completed the Rs 325-crore deal to sell 150 MW wind turbine project in Gujarat to Bharat Light and Power. The company transferred the wind mills at Kutch in Gujarat to Bharat Light and Power's subsidiary BLP Vayu (Project 1) on July 5, 2013.
The deal value is higher than original announcement of Rs 282.3 crore made on January 31, 2013. The transactions are in line with DLF's objective of divesting its noncore assets.
The company has been selling its non-core assets to cut its debt and focus on core property business. Its net debt stood at Rs 21,731 crore at the end of last fiscal.
