Business »  Topic »  Sembcorp buys remaining stake in Sembcorp Energy India for Rs 406 crore

Sembcorp buys remaining stake in Sembcorp Energy India for Rs 406 crore


Out of the 800 MW projects it was awarded through the SECI auctions, Sembcorp has already commissioned 607 MW, which is till date the largest operational generating capacity among SECI wind auctions.

The renewable energy industry is one of the major FDI earners with the sector attracting .8 billion foreign capital since FY15.

Singapore-based Sembcorp Industries said on Wednesday that it is taking over complete ownership of its India business unit, Sembcorp Energy India (SEIL), by acquiring its remaining 5.95% stake from Gayatri Projects (GPL) for Rs 406 crore.

SEIL has more than 4,300 MW of operational and ...


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