Sembcorp Industries to raise $380m from asset sales, plans India energy IPO

The 2,640-megawatt Sembcorp Gayatri Power Complex in Nellore, Andhra Pradesh. Source: Sembcorp Industries Ltd

Singapore’s Sembcorp Industries said on Friday it expects to raise about $380 million from the sale of some utilities assets and plans to list its Indian energy business, as it reported a plunge in quarterly profit.

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