Swan Energy’s 100% subsidiary -- Triumph Offshore (TOPL) has executed a Shipbuilding contract with Hyundai Heavy Industries Company, South Korea (HHICL), for the construction of a Floating Storage and Regasification Unit Vessel (FSRU) for the LNG Port Project of SLPL.
The LNG Port Project is first of its kind, all weather greenfield Port Project being developed by SLPL.
In this regard, Swan Energy has issued a Corporate Guarantee (CG) amounting to $224,400,000 in favour of HHICL, which shall expire on delivery of the Vessel to the TOPL.
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.
