23.1 C
New York
Monday, September 26, 2022

Buy now

spot_img

Sembcorp Gains on Plan to Sell India Coal Power Business


Shares rose as much as 5.1% to the highest on record. Sembcorp, which operates two coal-fired plants in India with a combined capacity of 2.6 gigawatts, said in an exchange filing Monday that the sale of the business will accelerate its shift from ‘brown to green.’ Tanweer, which will become the sole shareholder of the India thermal business, will pay via deferred payment notes issued by Sembcorp, according to the statement.





Source link

Related Articles

Stay Connected

0FansLike
3,502FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles