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Sembcorp to profit from 'shockingly high' spot electricity prices in India

Samantha Chiew
Samantha Chiew • 2 min read
Sembcorp to profit from 'shockingly high' spot electricity prices in India
SINGAPORE (Oct 5): UOB KayHian is maintaining its “buy” call on Sembcorp Industries (SCI) with a target price of $3.57.
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SINGAPORE (Oct 5): UOB KayHian is maintaining its “buy” call on Sembcorp Industries (SCI) with a target price of $3.57.

The unchanged rating comes despite spot electricity prices in India reaching a record high of INR 5.1/kWh (10.7 cents/kWh) in 3Q17.

There was even a one 15-minute period where the prices were running as high as INR 9.9/kWh.

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