Breaking News

You are here » Indian-Commodity  :  Top News  :  Swan Energy's arm executes concession agreement with GMB, GoG


Swan Energy's arm executes concession agreement with GMB, GoG

Swan Energy's 100% subsidiary - Swan LNG (SLPL) has executed Concession Agreement (CA) with Gujarat Maritime Board (GMB) and Government of Gujarat (GoG) for developing India's first Floating Storage and Regasification Unit (FSRU) based LNG Port near Jafrabad in Gujarat, India on October 18, 2017.

The term of the CA is for 30 years from the date of Commencement of Operations and the same can be extended further for a period of 20 years on mutually agreed terms and conditions. With execution of this Agreement, SLPL gets exclusive right and authority to develop, finance, design, construct, operate and maintain the Port. The LNG port project is first of its kind, all weather green field port project being developed by SLPL.

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.

Related News

View all news

Crude oil futures end lower on Monday

Crude oil futures ended lower on Monday as steep declines in the US stock market fed an aversion to so-called riskier assets, which include oil. Meanwhile, the US-China trade dispute escalated as China......

Gold futures trade flat on Monday

Gold futures was trading flat on Monday as growing uncertainty over whether the United States and China will be able to reach a deal to end their escalating trade war fueled safe-haven demand for the precious......

Jeera futures trade higher on rising demand

Jeera futures traded higher on NCDEX on the back of rising physical and export demand at the spot market. However, higher availability of crop this season, capped some gains.The contract for May delivery......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......