DLF took yet another step forward in divesting its non-core assets. The real estate major is selling a large part of its wind energy business to a clean energy start-up Bharat Light & Power (BLP). Its wind energy division can generate up to 227 megawatts of wind energy through installations in 4 Indian states. Revenue from wind energy generation in 2011-12 was Rs 107.6 crore compared to total revenue of Rs 3,447 crore in its standalone financials.
Power plant suppliers in India and abroad will soon be submitting bids for a massive power plant order. The government’s Cabinet Committee on Infrastructure has approved bulk ordering for 4 large power projects. These power plants will be built using supercritical technology. The government announced this in a statement released yesterday.