Swan Energy’s subsidiary -- Triumph Offshore (TOPL) has pre-paid Rs 300 crore, out of its internal accruals, to its consortium of senior lenders of Floating Storage and Regasification Unit (FSRU) Project. TOPL has also created the required Debt Service Retention Account (DSRA) of around Rs 95 crore.
The FSRU vessel was commissioned in February 2023, which represents India's first new build FSRU initiative, embodying Swan Energy's leadership in ushering transformative developments in the LNG sector. The partial debt prepayment is a significant milestone achievement and demonstrating strong financial position.
Swan Energy is engaged in the business of Real Estate, Textile and Energy.
