Swan Energy subsidiary Triumph Offshore Pvt Ltd has pre-paid Rs. 300 crore debt of FSRU project

Triumph Offshore Pvt. Ltd. (TOPL), subsidiary of Swan Energy Limited, has pre-paid Rs. 300 Crore, out of its internal accruals, to its consortium of senior lenders of FSRU Project. TOPL has also created the required Debt Service Retention Account (DSRA) of ~Rs. 95 crore.

The FSRU vessel was commissioned in February 2023, which represents India's first new build FSRU initiative, embodying Swan Energy's leadership in ushering transformative developments in the LNG sector. The partial debt prepayment is a significant milestone achievement and demonstrating strong financial position.

Shares of Swan Energy Limited was last trading in BSE at Rs. 506.05 as compared to the previous close of Rs. 495.05. The total number of shares traded during the day was 252259 in over 5513 trades.

The stock hit an intraday high of Rs. 512.60 and intraday low of 494.00. The net turnover during the day was Rs. 127328319.00.

Source : Equity Bulls

Keywords

SwanEnergy INE665A01038 TriumphOffshore DebtPrepayment FSRUProject DebtServiceRetentionAccount