Swan energy shares rocketed up more than 11 per cent on NSE (National Stock Exchange), touching a all time high level of Rs 796.70 per cent on the Indian bourses.
The swan energy shares went on touch the life high level of Rs 796.70 per share on the Indian exchanges after hitting the opening bell at Rs 719.00 per share on the NSE (National Stock Exchange).
Swan Energy shares were trading around Rs 782.75 per share on the Indian bourses at the closing bell time, with a surge of 7.43 per cent amounting to Rs 67.45 per share on the exchanges.
Shipyard operations resumed
Swan Energy announced earlier this month that operations at its shipyard had resumed.
According to Swan Energy, Swan’s Pipavav Shipyard in Gujarat, formerly known as Reliance Naval and Engineering Ltd. (RNEL), has started refitting ships and is preparing to start shipbuilding operations there.
The first vessel to go through a refit exercise was the Indian Coast Guard’s fast patrol ship Raj Ratan, the statement said, adding that the refit work on the ship, which started on September 4, was finished on November 30 ahead of schedule.
Swan energy took control of management of shipyard
After SEL assumed management control of the shipyard earlier this year through NCLT, the dry docking and refit of this vessel represents a major turning point in the shipyard’s recovery, the company stated.
Swan Energy Ltd. announced in August of this year that it would sell its share in a floating LNG receipt terminal to Botas, the state-run company in Turkey, for USD 399 million.
According to a regulatory filing, the company intends to sell Botas Trading IC the assets of its subsidiary Triumph Offshore Pvt Ltd.
