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Binny to sell 600 acres of windmill lands in Tamil Nadu for ₹36 crore

Our Bureau | | Updated on: Jun 23, 2022

NAGERCOIL, TAMIL NADU, 15/12/2014: Tamil Nadu generate around 35% of India's total wind capacity, The Tamil Nadu Government realised the importance and need for renewable energy, and set up a separate Agency, as registered society, called the Tamil Nadu Energy Development Agency (TEDA) as early as 1985, now Tamil Nadu has become a leader in Wind Power in India, in Muppandal windfarm, Tamil Nadu the total capacity is 1500MW, which is the largest in India. As per TEDA, the total installed capacity in Tamil Nadu is 7253MW, picture taken at Aralvaymozhi mountain ranges in the Muppandal wind farm near Nagercoil, Tamil Nadu. Photo: B. Jothi Ramalingam | Photo Credit: JOTHI RAMALINGAM B

Binny Ltd plans to sell 600 acres of its windmill lands in Tamil Nadu for a total consideration of ₹36 crore.

In a communication to the Bombay Stock Exchange, the company said at a meeting held on Thursday, the board approved the proposal for sale of the lands located at Perungudi and Veppilangulam villages in Tirunelveli district at ₹6 lakh per acre.

The announcement comes after the board on June 18 approved the company’s proposal to develop its 12.43 acres of land located in Valasaravakkam, Chennai into residential apartments on Joint Development with Radiance Realty Developers India on Revenue Sharing Model.

The company’s share price on the BSE closed at ₹232.65, down 0.73 per cent.

Published on June 23, 2022
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