MoneyWorks4Me

Swan Energy informs about company updates

13 Dec 2016 Evaluate

Swan Energy has informed that the company, through its 100% subsidiary company Swan LNG (SLPL), has received approval from Gujarat Maritime Board (GMB) for commencement of construction of LNG terminal with ancillary structures for its Floating Storage and Re-gasification Unit (FSRU) Project at Jafrabad, Gujarat. SLPL has executed an EPC contract for Marine and Dredging works worth Rs 2115 crore with National Marine & Infrastructure India (NMIIPL) for carrying out the construction of LNG terminal at Jafrabad, Gujarat, to be completed within 3 years. NMIIPL has already started the construction works.

The above information is a part of company’s filings submitted to BSE.

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