CRISIL assigns fundamental grade of 3/5 to Swan Energy

Credit rating agency, CRISIL Research has assigned a CRISIL IER fundamental grade of 3/5 to Swan Energy. The grade indicates that the company’s fundamentals are ‘good’ relative to other listed equity securities in India. The rating agency has also assigned valuation grade of 4/5 to the company.

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.