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

PM says to cut fuel subsidy at the ‘right time’
RHB Research unveils top 20 small-cap ‘jewels’
Property market on recovery path, says minister
K-pop fans around the world rally for climate goals
Survey shows outlook of German firms on Philippines dims
Chinese cooking oil spurs call to boost US tariffs
Swift Haulage’s 2H to improve on expansion in warehousing
Upbeat outlook on stake deal between Paramount and EWI
Taliworks profit surges on compensation, higher tariff
Fraud concerns raise red flags for Mumbai’s booming IPOs

Others Also Read