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TNB shares slip despite renewable energy deal in India


Meanwhile, Nomura Research expects TNB’s profit after tax and minority interest to increase by 11% and 6% in financial years 2019 and 2020 (FY19 and FY20), respectively.

Meanwhile, Nomura Research expects TNB’s profit after tax and minority interest to increase by 11% and 6% in financial years 2019 and 2020 (FY19 and FY20), respectively.

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).

   

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