Sembcorp Energy posts 12% rise in Q1 profit at Rs 385 crore


Sembcorp Energy posts 12% rise in Q1 profit at Rs 385 crore

Sembcorp Energy India Ltd Wednesday posted a 12 per cent rise in its first quarter net profit at Singapore dollar 75 million (about Rs 385.12 crore) on the back of better performance of its renewable energy business.

The Singapore-based Sembcorp Industries’ Indian arm had posted Singapore dollar SGD 67 million profit in the same period of the previous year, the company said in a statement.

Sembcorp Energy India Ltd (SEIL) reported a turnover of SGD 386 million (about Rs 8,873 crore) in the quarter under review amid stress in the Indian power sector. Read More

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