Sembcorp Industries (SG:U96) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Sembcorp Industries has partnered with Sojitz, Kyushu Electric, and shipping giant NYK to transport green ammonia from India to Japan, aiming to establish a strong supply chain with production based in India. The project has progressed with the signing of a Heads of Terms and the initiation of engineering work for a plant in Tuticorin, Tamil Nadu. This collaboration represents a significant stride in Sembcorp’s commitment to renewable energy, though it’s not expected to significantly affect the company’s financials for the year.
For further insights into SG:U96 stock, check out TipRanks’ Stock Analysis page.
