Swan Energy has invested Rs 1 lakh in ‘Swan LNG’ for purchase of its 100% equity shares, equivalent to 10,000 equity shares of Rs 10 each. By virtue of this, ‘Swan LNG has become a 100% subsidiary company of Swan Energy.
Swan Energy is an emerging “green energy” company with a pipeline of innovatively structured power projects. The Company is currently undertaking a LNG Floating Storage & Regasification Unit (FSRU) in Pipavav, Gujarat with a capacity of 3 mn metric tonne p.a. of LNG imports.