/ Swan Energy Increases Authorised Capital Of Its Subsidiary ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 17 January 2017

Swan Energy Limited, a manufacturer of textile products has announced that the authorised share capital of its 100% subsidiary, Swan LNG Private Limited, has been increased from Rs 5 lakh to Rs 2000 crore. 

Swan Energy’s current authorised capital stands at Rs 100.25 crore. Swan LNG Private Limited has commenced construction of a LNG terminal with ancillary structures for its Jafrabad, Gujarat’s Floating Storage and Re-gasification Unit (FSRU) Project as per approval from Gujarat Maritime Board.

Consequently it has implemented a EPC contract with National Marine & Infrastructure India Private Limited (NMIIPL), pertaining to Rs 2115 crore for Marine and Dredging works to be carried out for the construction of a LNG terminal at Jafrabad, Gujarat, over a duration of 3 years.

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