YTL talks with India's NSL Group to acquire 49% in energy unit


Recently YTL Group managing director Tan Sri Francis Yeoh (pic) came under fire from various quarters for his remarks on Malaysia

PETALING JAYA: YTL Corp Bhd is said to be in talks with India’s NSL Group to acquire up to a 49% stake in NSL Orissa Power and Infratech, a company with the mandate to build and operate a thermal power plant.

“The talks are now in an advanced stage and due diligence process is currently going on,” the Economics Times quoted sources as saying.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Corporate News , YTL Corp

   

Next In Business News

A great year to renovate
Drone property photography: Is it legal?
Tightening up SMA 2013
Ringgit likely to trade at around 4.50 against US dollar next week
Oil posts 4th straight weekly gain on US sanctions
Taking Malaysia beyond the stars
The warm charm of snowy Harbin
A sparkling enterprise
Choosing the right REIT
It's all systems go for digital thrust

Others Also Read