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Sembcorp buys into Indian power project for $175m

Tuesday, February 4, 2014 - 06:00

SEMBCORP Industries has agreed to acquire 45 per cent of India's NCC Power Projects (NCCPP) for 8.48 billion rupees (S$175 million), and will ink further agreements to take up another 20 per cent to make up a majority stake. Potential "substantial synergies" drove the investment, Sembcorp said

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