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Swan Energy receives EOI from Tata Realty to invest upto 10% in Swan LNG

18 Jan 2017 Evaluate

Swan Energy has received an Expression of Interest (EOI) from Tata Realty and Infrastructure, showing its willingness to invest upto 10% of the Equity in the subsidiary of the Company, namely Swan LNG.

Meanwhile, the company is developing India's first LNG Port along with Floating and Regasification Unit (FSRU) near Jafrabad in Gujarat state with a total investment of Rs 5900 crore. The subsidiary company and special purpose vehicle company namely Swan LNG is implementing this project.

Swan Energy is engaged in trading in fabric as well as in development of properties. Their activity includes manufacturing and marketing of cotton and polyester sarees and shirtings in India. The company also engaged in the business of Textiles, Property Development.

Peers
Company Name CMP
Vardhman Textiles 562.00
Welspun Living 218.25
Arvind 566.65
Raymond Lifestyle 693.50
K.P.R. Mill 1117.50
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