TNB shares slip despite renewable energy deal in India


TNB also signed large-scale solar photovoltaic PPAs last month with Redsol Sdn Bhd and Coral Power Sdn Bhd.

PETALING JAYA: Tenaga Nasional Bhd (TNB) shares slipped 0.1% to RM13.54 despite entering into a partnership to grow its renewable energy (RE) portfolio.

Tenaga Nasional (TNB) had entered into an agreement to subscribe to a compulsorily convertible debenture (CCD) issued by India’s GMR Bajoli Holi Hydropower Pte Ltd (GBHH) for 2.26 billion Indian rupees (RM133.2mil).

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

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!
   

Next In Business News

Ways China must tread for seamless transition to new era
Home sweet home
Asia shares rally on China's gains, Fed cut bets; yen weakens
Seeking cover from middlemen
A real need for local giants
Data centre boom - at watt cost?
Global momentum continues to lift Bursa Malaysia
Indonesia's Q1 GDP growth beats forecasts, at highest in 3 qtrs
Proton sales rise 17.1% in April
ECB rate cut case getting stronger, says chief economist Lane

Others Also Read