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    U96   SG1R50925390

SEMBCORP INDUSTRIES LTD

(U96)
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Delayed Singapore Stock Exchange  -  05:04 2022-06-28 am EDT
2.870 SGD   +1.06%
06/21CGS-CIMB Adjusts Sembcorp Industries' Price Target to SG$3.66 From SG$2.96, Keeps at Buy
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06/15Sembcorp Industries Wins Contract to Build Energy Storage Systems on Singapore's Jurong Island
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06/02Singapore Shares End Lower; First Ship Lease Zooms 12% on Planned Sale of Crude Oil Tanker
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Saint-Gobain, Sembcorp sign long-term green energy supply deal for India units

05/17/2022 | 07:17am EDT
The logo of  Saint-Gobain is seen on a banner on a building construction site in the financial and business district of La Defense, outside Paris

NEW DELHI (Reuters) - French construction materials giant Saint-Gobain has signed a long-term renewable power supply deal with Singapore-listed Sembcorp for its manufacturing facilities in southern Tamil Nadu state, the companies said on Tuesday.

"Sembcorp will supply 33 MW of locally sourced renewable power to Saint-Gobain's manufacturing facilities in Sriperumbudur, Perundurai and Tiruvallur, over the next 25 years," the companies said in a joint statement.

Under the deal, Sembcorp will supply wind and solar energy to Saint-Gobain through a special purpose vehicle, in which Sembcorp's Indian green energy unit will hold a 74% stake, with the remainder being held by Saint-Gobain, the companies said.

(Reporting by Sudarshan Varadhan; Editing by Kirsten Donovan)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
COMPAGNIE DE SAINT-GOBAIN -0.23% 42.685 Real-time Quote.-30.10%
MSCI SINGAPORE (GDTR) -0.37% 5420.39 Real-time Quote.-13.34%
SEMBCORP INDUSTRIES LTD 1.06% 2.87 Delayed Quote.42.00%
SEMBCORP MARINE LTD 0.92% 0.11 Delayed Quote.32.93%
All news about SEMBCORP INDUSTRIES LTD
06/21CGS-CIMB Adjusts Sembcorp Industries' Price Target to SG$3.66 From SG$2.96, Keeps at Bu..
MT
06/15Sembcorp Industries Wins Contract to Build Energy Storage Systems on Singapore's Jurong..
MT
06/02Singapore Shares End Lower; First Ship Lease Zooms 12% on Planned Sale of Crude Oil Tan..
MT
06/02Sembcorp Industries Acquires Portfolio of Wind, Solar Assets in China
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05/31Sembcorp Industries Grants Over 12 Million Share Awards
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05/20Singapore Shares End Week in Green; Secura Group's Shares Zoom 9% on Securing $2 Millio..
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05/20Secura Group Bags Over $2 Million Contract to Provide Unarmed Security Services to Semb..
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05/17Saint-Gobain, Sembcorp sign long-term green energy supply deal for India units
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05/10Sembcorp Industries Ltd. Declares Final Ordinary One-Tier Tax Exempt Dividend for the Y..
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05/04Sembcorp Industries Unit Bags $873 Million Sustainability-Linked Loan Facility
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Financials
Sales 2022 7 781 M 5 623 M 5 623 M
Net income 2022 449 M 325 M 325 M
Net Debt 2022 6 617 M 4 781 M 4 781 M
P/E ratio 2022 11,1x
Yield 2022 2,32%
Capitalization 5 071 M 3 664 M 3 664 M
EV / Sales 2022 1,50x
EV / Sales 2023 1,54x
Nbr of Employees 5 740
Free-Float 98,8%
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Mean consensus BUY
Number of Analysts 10
Last Close Price 2,84 SGD
Average target price 3,30 SGD
Spread / Average Target 16,2%
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Managers and Directors
Kim Yin Wong Group President, CEO & Director
Chee Mun Cheng Group Chief Financial Officer
Kong Hua Ang Non-Executive Chairman
Kui Seng Tham Independent Non-Executive Director
Ajaib Hari Dass Independent Non-Executive Director
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