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Sembcorp India says payment delays raising developer costs

Published Wed, Mar 15, 2017 · 09:50 PM

New Delhi

SEMBCORP Industries Ltd said recurring payment delays by Indian electricity retailers are piling on costs to operators and are bad for the renewable power business it wants to build.

Payment delays risk "affecting development of the sector", Sembcorp India chief executive officer Vipul Tuli said in New Delhi. The local unit of the Singaporean conglomerate, which last …

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Companies & Markets

Companies & Markets

Sembcorp India says payment delays raising developer costs

Companies & Markets

Netflix handily beats subscriber targets, misses on revenue forecast

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

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