Sembcorp Industries acquires Indian plant

摘要

Sembcorp Industries (SCI) signed a deal to acquire a 45% stake in a 1,320 MW coal-fired power plant under construction in India. Per SCI, it will double SCI's power generation capacity in India. According to Nomura, the acquisition will benefit from its proximity to SCI's existingTPCIL plant in India and management targets IRR in the high teens from the project.