The buyer is a Ghatge Patil Group company, which has paid INR 550 ($9m) for 14 wind turbine generators capable of producing a combined 15 mega watts (MW) of power in Maharashtra, Live Mint reported.
The yard has debts of INR 80bn. Eleven of its 23 lenders have sold their loans of INR 48bn to Edelweiss Asset Reconstruction.
The country's second-largest private shipbuilder posted a net loss of INR 365m in the fourth quarter to 31 March, against a profit of INR 382.3m
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Bharati sells wind unit
Restructuring Indian shipbuilder Bharati Shipyard has sold its wind power business as it seeks to focus on core operations.
22 September 2014 7:04 GMT
Updated
22 September 2014 7:07 GMT
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