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Sembcorp Industries Ltd (SCIL.SI)

SCIL.SI on Stock Exchange of Singapore

3.22SGD
24 May 2017
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Latest Key Developments (Source: Significant Developments)

Sembcorp Industries says recieved award of master development rights To Andhra Pradesh Amaravati City Start-up Area
Monday, 15 May 2017 05:11am EDT 

May 15 (Reuters) - Sembcorp Industries Ltd :Award Of Master Development Rights To Andhra Pradesh Amaravati City Start-up Area.With issuance of award, both parties will need to enter into a joint venture agreement with government of andhra pradesh.Ascendas-Singbridge and Sembcorp Development, a unit of co, jointly received letter of award for master development rights.Award was issued by government of andhra pradesh.  Full Article

Sembcorp Industries sees challenging market environment in 2017
Wednesday, 3 May 2017 05:29am EDT 

May 3 (Reuters) - Sembcorp Industries Ltd :Performance of Utilities' China operations in 2017 is expected to be lower than 2016.Market environment is expected to remain challenging in 2017.Urban development business is expected to deliver a better performance in 2017.Global exploration and production spending for marine business is expected to increase in 2017, compared to last two years.In singapore, centralised utilities, gas and solid waste management businesses are expected to remain steady in FY2017.As spot and short-term power tariffs remain weak, india's sgpl performance is expected to be "adversely affected".  Full Article

Sembcorp Industries says qtrly net profit S$119.1 million versus S$107 million
Wednesday, 3 May 2017 05:29am EDT 

May 3 (Reuters) - Sembcorp Industries Ltd :Qtrly net profit s$ 119.1 million versus s$107 million.Qtrly turnover s$ 2.14 billion versus s$1.90 billion.  Full Article

Sembcorp Industries announces retirement independent director of company
Wednesday, 19 Apr 2017 05:36am EDT 

April 19 (Reuters) - Sembcorp Industries Ltd ::Retirement of Bobby Chin Yoke Choong as an independent director of company.Neil Mcgregor succeeding Tang Kin Fei as Sembcorp Industries' group president and CEO on april 1, 2017.Yap Chee Keong has been appointed to succeed Chin as audit committee chairman.  Full Article

Sembcorp Industries wins India wind power project with close to 250 megawatts capacity
Sunday, 9 Apr 2017 06:59pm EDT 

Sembcorp Industries Ltd : Sembcorp Wins India Wind Power Project With Close To 250 Megawatts Capacity . Sembcorp's renewable energy business in India has won a bid for a new wind power project with close to 250 megawatts in capacity . Total project cost is estimated to be around inr 19 billion . this is expected to be funded through a mixture of internal funds and debt . Project is expected to be developed in phases and fully commissioned in second half of indian fy ending march 31, 2019 .Award of project is not expected to have a material impact on earnings per share of co for fy ending dec 31, 2017.  Full Article

Sembcorp Industries updates on claims against co filed by Eig Management Company
Sunday, 2 Apr 2017 07:06pm EDT 

Sembcorp Industries Ltd : Pdf 1: Sembcorp Industries Ltd (Statement By Sembcorp Industries) . Had been named as one of several defendants in lawsuit filed by Eig Management Company Lcc and funds under its management . United States District Court, District Of Columbia dismissed claims against company filed by Eig Management Company Lcc .Claims dismissed against co filed by Eig Management Company & funds under its management pertaining to their investments in Sete Brasil.  Full Article

Sembcorp Industries increases stake in India renewable energy business
Thursday, 16 Mar 2017 05:08am EDT 

Sembcorp Industries Ltd : Sembcorp Increases Stake In India Renewable Energy Business To 70.38% . Setotal investment of entire rights issuance amounts to approx. Approximately s$26.5 million . deal not expected to have a material impact on EPS and net asset value per share of sembcorp industries for financial year ending Dec 31, 2017 . Sembcorp Utilities has subscribed to entire rights issuance by Sembcorp Green Infra . as a result of partner's non- participation in rights issuance, Sembcorp Utilities' stake In Sembcorp Green Infra increased from 68.7% to 70.4% .subscription to fund company's growth in renewable sector in India..  Full Article

Sembcorp Industries says Qtrly net profit S$147.5 mln vs S$60.8 mln
Thursday, 23 Feb 2017 04:06am EST 

Sembcorp Industries Ltd : Qtrly net profit S$147.5 million versus S$60.8 million . Proposed 2016 final dividend 4.0 singapore cents per share . Qtrly turnover S$2.03 billion versus S$2.42 billion . Market environment is expected to remain challenging in 2017 . "Urban development business is expected to deliver a better performance in 2017" ."Performance in 2017 is expected to remain steady although lower than 2016 due to expiry of yangcheng cooperative JV agreement in 2016".  Full Article

Sembcorp Industries signs build-operate-transfer agreement with Myanmar Ministry of Electricity & Energy
Wednesday, 18 Jan 2017 04:43am EST 

Sembcorp Industries Ltd : Signing of build-operate-transfer agreement with Myanmar Ministry of Electricity & Energy . Total project cost of Sembcorp Myingyan power project is approximately US$300 million . Deal for its upcoming 225-megawatt Sembcorp Myingyan gas-fired power plant in Mandalay . Signing of BOT agreement is not expected to have material impact on EPS and net asset value per share of co for FY ending December 31, 2017 .Sembcorp Myingyan Power will build and operate power plant for 22 years, after which facility will be transferred to myanmar government.  Full Article

Sembcorp Industries secures project financing for Bangladesh power plant
Wednesday, 21 Dec 2016 04:08am EST 

Sembcorp Industries Ltd : Sembcorp Secures Project Financing For Bangladesh Power Plant . build-own-operate project, with a contracted capacity of 414 megawatts, is estimated to cost approximately us$412 million. . unit successfully secured project financing for its sirajganj power project in bangladesh . Power plant will be developed by sembcorp north-west power company . international finance corporation, clifford capital and cdc group have a share each of us$103 million in total project finance debt .multilateral investment guarantee agency will provide a political risk guarantee to sembcorp for its equity investment in project.  Full Article

More From Around the Web

Temasek energy executive to join Sembcorp Industries as CEO

SINGAPORE Industrial conglomerate Sembcorp Industries Ltd named Neil McGregor, a senior official at Singapore state investor Temasek, as its new chief executive from April.