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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan


Annual Plan


Billed as RM148.00/year

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

Oil gains 1% on hopes of firmer demand
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
Muhibbah rides on Cambodian tourism uptick
Feytech gears up for expansion to meet growing demand
Ready to rise up the ranks again
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
GDP up 4.2% in 1Q24
Chinese firms invest in ‘green’ jet fuel

Others Also Read