Suzlon Energy sells Pune headquarters for Rs 4.4 billion
POWER & RENEWABLE ENERGY

Suzlon Energy sells Pune headquarters for Rs 4.4 billion

Renewable energy firm Suzlon Energy has sold its headquarters, One Earth, in Pune for Rs 4.4 billion as part of its non-core asset monetisation strategy. The buyer, OE Business Park Pvt Ltd (OEBPPL), is a special purpose vehicle whose shares are held by funds managed by 360 ONE Alternates Asset Management.

Following the sale, Suzlon has entered a leaseback agreement, allowing it to continue occupying the property for up to five years, with the right to sub-lease and license parts of it. This marks one of India's first sale and leaseback deals for a corporate headquarters.

Himanshu Mody, CFO, Suzlon Group, emphasised that the divestment is part of the company's long-term strategy to unlock capital for growth and fund its growing 4 GW order book. The transaction will not impact Suzlon?s operations, and the company remains focused on reinvesting in its core business now that it is debt-free.

Suzlon also retains an option to repurchase shares and securities of OEBPPL at a later date, giving it flexibility in future ownership decisions. Sale and leaseback transactions like this allow companies to convert real estate assets into liquid capital while continuing to use the property, enhancing financial flexibility for growth and expansion.

(ET)

Renewable energy firm Suzlon Energy has sold its headquarters, One Earth, in Pune for Rs 4.4 billion as part of its non-core asset monetisation strategy. The buyer, OE Business Park Pvt Ltd (OEBPPL), is a special purpose vehicle whose shares are held by funds managed by 360 ONE Alternates Asset Management. Following the sale, Suzlon has entered a leaseback agreement, allowing it to continue occupying the property for up to five years, with the right to sub-lease and license parts of it. This marks one of India's first sale and leaseback deals for a corporate headquarters. Himanshu Mody, CFO, Suzlon Group, emphasised that the divestment is part of the company's long-term strategy to unlock capital for growth and fund its growing 4 GW order book. The transaction will not impact Suzlon?s operations, and the company remains focused on reinvesting in its core business now that it is debt-free. Suzlon also retains an option to repurchase shares and securities of OEBPPL at a later date, giving it flexibility in future ownership decisions. Sale and leaseback transactions like this allow companies to convert real estate assets into liquid capital while continuing to use the property, enhancing financial flexibility for growth and expansion. (ET)

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement