shares of sembcorp industries ltd rose on tuesday in singapore after the company struck a deal to sell its coal business in india for around 21 billion singapore dollars us150 billion sembcorp industries stock gained 48 to s349 heading toward its biggest oneday increase in five months the stock has surged 75 so far this year the singaporebased conglomerate has agreed to sell all the shares of sembcorp energy india ltd or seil to tanweer infrastructure pte ltd it said in a latemonday filing upon the completion of the deal seil will be deconsolidated from sembcorp which the company said is expected to strengthen its balance sheet by reducing total debt the sale will also accelerate its transformation to a green portfolio with 51 of sembcorps energy capacity made up of renewable energy up from 43 before the divestment seil operates two coalfired power plants with a total capacity of 26 gigawatt it said tanweer infrastructure is indirectly owned by a consortium led by privateequity investment company oman investment corp