Sembcorp Industries plans IPO of its India business
Singapore-based power producer Sembcorp Industries Ltd is preparing to list its Indian unit. Sembcorp India has thermal and renewable power assets in the country.
With its Sembcorp Green Infra (SGI) unit, Sembcorp India had bid the then-record low Rs 3.46 per kWh wind power tariff in February to win contracts for 250 megawatt (MW). It was also in the fray for 750MW of solar capacity on offer at Rewa in Madhya Pradesh.
SGI has close to 1,200MW of wind and solar power capacity in operation and under development.