How Temasek-backed Sembcorp changed tack in India after turning itself around

By Aman Malik

  • 07 Jul 2023
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Credit: Sembcorp

It is not often that a long-term investor manages to turn the fortunes of a business around, only to offload a significant portion of it soon after. But that is exactly what Singapore-based and Temasek-backed Sembcorp Industries Ltd did last year when it sold a big part of its Indian energy business to a consortium led by the Oman Investment Corporation.    In September 2022, Sembcorp Industries sold ......

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