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.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

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

CelcomDigi partners KPJ to transform healthcare tourism with AI, telemedicine solutions
Amazon targets influencer reviews on TikTok, YouTube, Instagram
Ecoworld Malaysia's net profit surges to RM83.4mil in 4Q
KIP REIT completes RM320mil acquisition of D'Pulze Shopping Centre
Oil little changed as demand weakness offsets sanctions-driven supply risks
Kitacon secures RM203.9mil construction contracts in Selangor
EPF sets basic retirement savings goal at RM390,000
Retirees need RM2,690 a month for reasonable standard of living
FBM KLCI returns above key support as Asian rally picks up
EPF launches three-tier savings framework for different retirement lifestyles

Others Also Read