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Swan Energy shines on receiving environment clearance from MOEF

17 Dec 2013 Evaluate

Swan Energy is currently trading at Rs. 143.25, up by 0.25 points or 0.17% from its previous closing of Rs. 143.00 on the BSE.

The scrip opened at Rs. 143.00 and has touched a high and low of Rs. 144.90 and Rs. 142.05 respectively. So far 3566 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 154.70 on 10-Dec-2013 and a 52 week low of Rs. 96.25 on 30-Aug-2013.

Last one week high and low of the scrip stood at Rs. 154.70 and Rs. 132.85 respectively. The current market cap of the company is Rs. 1,584 crore.

The promoters holding in the company stood at 71.66% while Institutions and Non-Institutions held 11.63% and 16.70% respectively. The Ministry of Environment & Forests, New Delhi (MOEF) has accorded necessary Environment and CRZ clearance to Swan Energy for the development of floating storage and regassification unit (FSRU) based LNG import terminal near Pipavav, Gujarat.

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.

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