NEW DELHI (March 28): Sembcorp Industries is ready to pump about US$600 million ($836 million) into its Sembcorp Gayatri Power Ltd (SGPL) unit that operates a 1,320 MW thermal plant in Andhra Pradesh, India.

Sembcorp will subscribe to US$600 million worth of bonds issued by the Indian unit, according to online media reports from India. The funds will be used by Sembcorp Gayatri to pay down its domestic debt from about US$1.05 billion to about US$450 million.

Sembcorp Gayatri built the power plant at an investment of about US$1.5 billion.

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