SEMBCORP GREEN INFRA
Razorpay moves closer to public market debut as Sebi gives green signal to IPO
Razorpay has received Sebi's approval for its proposed IPO, bringing the fintech company's stock market debut closer. Targeting a potential 2027 listing, the company is reportedly exploring a Rs 5,500-6,500 crore fundraising amid valuation and profitability scrutiny.
Razorpay, Sembcorp Green Infra get Sebi nod to float IPOs
Razorpay Software Ltd and Sembcorp Green Infra recently received approval from Sebi for their initial public offerings, marking a major milestone in their growth journeys. Razorpay aims to secure Rs 5,000-6,000 crore to enhance its financial services platform, while Sembcorp Green Infra plans to raise Rs 3,750 crore to bolster its renewable energy initiatives.
KKR to invest over ₹6,000 crore in Petronas India RE arm
KKR plans to invest more than ₹6,000 crore in Gentari Renewable India, which is Petronas' renewable energy unit. The funding aims to support the expansion of its renewable energy and green hydrogen projects. Gentari has previously acquired a 1.6 gigawatt renewable energy portfolio and is seeking financial partners. This investment will also facilitate the acquisition of stakes in existing joint ventures in India.
Sembcorp Green Infra files for $393 million India IPO
Sembcorp Green Infra has announced its intention to launch an initial public offering in Mumbai, aiming to gather as much as 37.5 billion rupees. Of this amount, around 30 billion rupees will be allocated toward settling debts. This move marks the company's second shot at making its Indian energy division public, with several financial institutions overseeing the upcoming share sale.
Singaporean energy firm Sembcorp plans IPO of Indian unit, sources say
Talks are at an early stage and no decision has been made on the size of the offering. The move marks Sembcorp's second attempt to list its India business after withdrawing a draft prospectus in January 2019 to inject new equity.
Sembcorp to buy ReNew's 300 MW solar power unit
Singapore's Sembcorp Industries is acquiring a 300 MW solar power project in Rajasthan from ReNew Energy Global Plc. The deal is valued at $191 million. This acquisition will boost Sembcorp's renewable energy capacity in India. ReNew is selling the asset as part of its capital recycling strategy. The transaction is expected to be completed in the first half of 2026.
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Sembcorp to acquire ReNew Sun Bright for Rs 1,700 crore
Sembcorp Industries is set to acquire ReNew Sun Bright for approximately 246 million Singapore dollars. This deal will significantly increase Sembcorp's renewable energy capacity in India to 6.9 GW. The acquired asset is a 300 MW solar power plant in Rajasthan. The transaction is expected to be completed by the first half of 2026, pending regulatory approvals.
Sembcorp bags 150 MW solar project with 300 MWh energy storage
Sembcorp secured a major solar and battery storage project in India. The project will provide 150 MW of solar power and 300 MWh of battery storage. SECI awarded the project to Sembcorp Green Infra. This boosts Sembcorp's total renewable energy capacity in India to almost 6GW. The project is expected to be operational within two years.
Sembcorp bags 300MW wind-solar hybrid project from NTPC
Sembcorp Green Infra secured a 300MW wind-solar hybrid project from NTPC Ltd. The project, part of a larger 1.2GW bid, will sell power to NTPC under a 25-year agreement. Expected to be operational within two years, this win boosts Sembcorp's India renewables capacity to 5.4GW and global capacity to 16GW.
Sembcorp files suit against Siemens Gamesa over unsettled arbitration
Sembcorp's India unit has filed a lawsuit in a Bengaluru court to prevent Siemens Gamesa from selling its Indian business assets before settling an ongoing arbitration. The arbitration pertains to alleged default in executing a contract. Sembcorp has sought an injunction over the sale, which includes Siemens Gamesa's shareholding in India.
Sembcorp to acquire 428 MW wind assets in India, China
Sembcorp has signed agreements to secure 673MW of renewables capacity since it announced its 2028 target to achieve 25GW of gross installed renewables capacity. This includes the proposed acquisition of 245MW of renewables assets in Vietnam announced on November 10, 2023. Upon completion of these acquisitions, Sembcorp’s gross renewables capacity will reach 12.6 GW globally.
Suzlon Group bags 50 MW wind project from Sembcorp
Suzlon will supply the wind turbines (equipment supply) and execute the project including, erection and commissioning. It will also provide comprehensive operation, and maintenance services post commissioning.
Sembcorp to acquire Vector Green for Rs 2,780 cr
"Sembcorp Industries (Sembcorp) announces that its wholly-owned subsidiary, Sembcorp Green Infra Limited, has signed an agreement with India Infrastructure Fund II, a fund managed by Global Infrastructure Partners India Pvt Ltd, to acquire 100 per cent interest in Vector Green Energy Private Limited (Vector Green) for a base equity consideration of approximately Rs 2,780 crore," it said in a statement.
Suzlon bags 180.6 MW wind energy project from Sembcorp's arm Green Infra Wind Energy
Suzlon will install 86 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each.
Sembcorp to supply 33 MW renewable power to Saint-Gobain for 25 years
The power to Saint-Gobain’s manufacturing facilities will be supplied through a special purpose vehicle (SPV). GIWEL will hold a 74% stake in the SPV, with the remaining stake held by Saint-Gobain India.
Sembcorp to supply renewable power to Saint-Gobain for 25 years
"Saint-Gobain India and Sembcorp Green Infra's (SGIL) subsidiary Green Infra Wind Energy Ltd (GIWEL) have partnered to sign a long-term wind-solar hybrid energy supply agreement," it said in a statement.
Sembcorp Industries arm Green Infra Wind Energy bags 180-MW wind energy project
"Sembcorp Industries' wholly-owned subsidiary in India has been formally awarded a 180-megawatt (MW) wind power project in the 11th nationwide wind power auction held recently," the company said in a statement.
COVID-19 crisis: Sembcorp Industries' India unit donates more than 400 oxygen concentrators
Sembcorp, which has a portfolio of thermal and renewable power plants in India, donated the oxygen concentrators to KVN Foundation, a Bangalore-based non-profit organisation, the company said in a statement.
Sembcorp to infuse equity worth Rs 516.9 crore in SEIL
The balance of the shares in the SEIL is owned by SCU's local partner, Gayatri Energy Ventures.
Sembcorp India posts Rs 153.3 crore profit in Sept qtr
The company follows January to December as the financial accounting year.
Sembcorp to reorganise India energy biz under single entity
The Sembcorp Industries (SI) announced "the reorganisation of its India energy operations, for a more streamlined shareholding structure and greater synergy".
Sembcorp wins another wind power project in India
The project will be connected to India's Central Transmission Utility and supply power to multiple states, helping them to meet their renewable energy requirement.
Sembcorp acquires IDFC PE’s remaining stake in Indian green energy arm for Rs 1410 crore
Sembcorp had first acquired a 60% stake in IDFC PE-owned Green Infra in February 2015. It gradually increased its stake in the company in tranches to around 72%.
Sembcorp wins 250 MW india wind power project
Sembcorp Green Infra received a letter of award for the project following the country’s first national wind power tender, conducted by Solar Energy Corp of India.
India great platform for power demand: Sembcorp Industries
While the first of two plants in the complex is now operational, the second should be up and running by the end of the year, after overcoming some teething problems.
India great platform for power demand: Sembcorp
Sembcorp Industries big push in India is 2,640-megawatt Sembcorp Gayatri Power Complex in Andhra Pradesh, which opened earlier this year.
Sembcorp starts full operation of its power plant in Andhra Pradesh
Singapore-based Sembcorp Industries' first thermal power plant in India has commenced full commercial operation with the completion of its second 660-megawatt unit.
Singapore's Sembcorp to Invest $1-bn in India to double clean energy portfolio
Sembcorp Industries is looking to invest over a billion dollars over the next 5-7 years to double its clean energy generation portfolio in the country.
Sembcorp expects 1400 MW renewable capacity by 2022
The focus for the moment is clearly renewable energy coinciding perfectly with the government’s push towards clean tech. The market dynamics are equally favourable.
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