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Sembcorp Industries Ltd (SCIL.SI)

SCIL.SI on Stock Exchange of Singapore

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30 Mar 2017
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Latest Key Developments (Source: Significant Developments)

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

Sembcorp Industries says Neil Mcgregor to succeed Tang Kin Fei as Group President & CEO
Tuesday, 20 Dec 2016 04:17am EST 

Sembcorp Industries Ltd : Neil Mcgregor to succeed Tang Kin Fei as group president & ceo in april 2017 . Tang will remain as advisor and as a non-executive director on board of sembcorp until may 31, 2017 .Group president & ceo, Tang Kin Fei will retire.  Full Article

Sembcorp Industries forms first solar power project in Singapore
Friday, 25 Nov 2016 04:07am EST 

Sembcorp Industries Ltd : Total consideration of s$2.6 million will be funded internally . Sembcorp Forms First Solar Power Project In Singapore . solar energy project in singapore will provide renewable power to two airfreight terminals near singapore changi airport .deal not expected to have a material impact on earnings per share of sembcorp industries for fy ending december 31, 2016.  Full Article

Sembcorp Industries posts 56 pct fall in third-quarter net profit
Thursday, 27 Oct 2016 05:10am EDT 

Sembcorp Industries Ltd : Q3 net profit S$53.9 million versus S$122.3 million . Q3 turnover S$2.14 billion versus S$2.40 billion last year . Current market environment remains challenging . Urban development business is expected to deliver a steady operating performance in 2016 . Group is confident that it will continue to create and deliver long-term value and growth . Singapore utilities business continues to face intense competition in power market . For 2016, utilities' operations in China are expected to deliver a better performance than 2015 .No interim dividend for period ended september 30, 2016 is recommended.  Full Article

Sembcorp Industries says unit entered JV agreement with Hock Lian Seng Infrastructure
Monday, 15 Aug 2016 05:34am EDT 

Sembcorp Industries Ltd : Project joint venture) . Sembcorp design and construction pte ltd (sdc) has entered into a 40:60 project joint venture agreement with hock lian seng infrastructure . Special purpose joint venture will undertake a s$ 1.107 billion contract from changi airport group . Contract for proposed development works to effect 3-runway operations for Singapore changi airport. . Jv not expected to have a material impact on EPS and nta of Sembcorp Industries for financial year ending December 31, 2016 .  Full Article

Sembcorp Industries secures long-term power purchase agreement in Bangladesh
Monday, 8 Aug 2016 09:18am EDT 

Sembcorp Industries Ltd : Sembcorp secures long-term power purchase agreement in Bangladesh . Power will be supplied out of sembcorp's upcoming power plant in the Sirajganj district of Bangladesh . Approximately US$400 million combined cycle gas-fired power plant is targeted to be completed in 2018. . Unit secured a long-term power purchase agreement with the Bangladesh Power Development Board . Sembcorp utilities will own a 71% stake in the project while North-West Power Generation Company will own the remaining 29%. . Signing of the agreement is not expected to have a material impact on the earnings per share for the financial year ending December 31, 2016. . Long-term power purchase agreement for the supply of 414 megawatts of power over a period of 22.5 years .  Full Article

Sembcorp Industries says unit subscribed to entire rights issuance by Sembcorp Green Infra
Monday, 8 Aug 2016 05:21am EDT 

Sembcorp Industries Ltd : Sembcorp Utilities has subscribed to the entire rights issuance by Sembcorp Green Infra . Total investment of the entire rights issuance amounts to approximately s$15 million . Says Sembcorp utilities' stake in Sembcorp green infra has increased to 68.74% from 67.67% . Deal is not expected to have a material impact on the earnings per share for the financial year ending December 31, 2016 .  Full Article

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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.