Sembcorp Secures First Round-the-Clock Power Project in India

Sembcorp Industries ( (SG:U96) ) has issued an announcement.

Sembcorp Industries, through its subsidiary Sembcorp Green Infra Private Limited, has secured its first 50MW Round-the-Clock power project in India from the Solar Energy Corporation of India Ltd. This project, part of a larger 1.2GW tender, will integrate solar, wind, and battery storage to provide continuous renewable energy. The project is expected to enhance Sembcorp’s renewables capacity in India to over 6.5GW and is set to be operational within 24 months of signing a 25-year power purchase agreement. Although the project will not significantly impact Sembcorp’s financial metrics for 2025, it marks a strategic expansion in their renewable energy capabilities.

The most recent analyst rating on (SG:U96) stock is a Buy with a S$7.49 price target. To see the full list of analyst forecasts on Sembcorp Industries stock, see the SG:U96 Stock Forecast page.

More about Sembcorp Industries

Sembcorp Industries is a company involved in the renewable energy sector, focusing on solar, wind, and battery energy storage solutions. It operates through its subsidiary, Sembcorp Green Infra Private Limited, and has a significant presence in India, with a global renewables portfolio of 18.0GW.

Average Trading Volume: 3,869,486

Technical Sentiment Signal: Buy

Current Market Cap: S$12.15B

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