Sembcorp Industries Limited (SGX: U96), or SCI, made a surprise announcement last week. The utility group is selling its entire stake in Sembcorp Energy India Limited (SEIL) for a total sum of around S$2.06 billion to a consortium led by Oman Investment Corporation (OIC), the Ministry of Defence Pension Fund, Oman, and Dar Investment SPC. SEIL is one of the largest independent power producers in India and operates two supercritical coal-fired power plants totalling 2.6 megawatts (MW). This sale promises to strengthen SCI’s balance sheet. Shares of the blue-chip utility company have already soared 67% year to date. Can this transaction lead to a further share price boost? We take a look at five highlights of this deal. 1. Accelerating the “brown to green” transformation During SCI’s Investor Day last year, the group unveiled a bold plan to transform its portfolio from brown (i.e. legacy energy sources such as coal and oil) to green (renewable and/or sustainable energy)....