Swan Energy Ltd (SWANENERGY)

Swan Energy Ltd registers 15.01 fold spurt in volume - 24 Jul, 2024

Swan Energy Ltd registered a volume of 15.94 lakh shares, which is a 15.01 fold spurt over the two-week average daily volume of 1.06 lakh shares. The stock rose by 5% to Rs.702.55.

Swan Energy Stock Surges 25% on BlackRock Investment - 11 Jul, 2024

Shares of Swan Energy surged 25% over the last nine trading sessions to hit a 5-month high, following an investment by global asset manager BlackRock. The recent boost in shares has propelled the stock to gain 175% over the past year and 600% in the last five years. BlackRock acquired a 1.45% stake in Swan Energy through open market transactions worth ₹304 crore. Promoters hold a majority stake with 54% ownership, of which 18.40% is pledged.

Blackrock affiliates purchase Rs 304 crore stake in Swan Energy Ltd - 10 Jul, 2024

Three affiliates of Blackrock have purchased a stake worth Rs 304 crore in Swan Energy Ltd through open market transactions. Two overseas investors, 2I Capital PCC and Dovetail India Fund, sold 15 lakh and 12 lakh shares respectively at Rs 666.2 per share.

BlackRock Acquires Stake in Swan Energy; Revenue Increases by 50% - 09 Jul, 2024

Global asset manager, BlackRock, acquired a 1.45% stake in Swan Energy Ltd. for Rs 304 crore. The company's Q4FY24 revenue increased by 50%, while net profit dipped by 10%. Shares hit the upper circuit limit.

Swan Energy Shares Surge on Block Deal and BlackRock Acquisition - 08 Jul, 2024

Swan Energy's shares surged 5% after a significant block deal and BlackRock acquired a 1.45% stake in the company for Rs 304 crore. The company recently approved the acquisition of a 49% equity stake in Triumph Offshore Private Ltd for Rs 440 crore. Technical analysts suggest that if the price manages to close above Rs 660, the stock may have the potential to reach short-term targets of up to Rs 780.

Swan Energy Sees Rising Returns on Capital Employed - 28 Jun, 2024

Swan Energy's returns on capital employed have increased significantly over the past five years, while current liabilities have decreased. Meanwhile, Iffco has withdrawn a petition filed against Swan Energy.

Swan Energy's TOPL Pre-Pays Rs 300 Crore Debt for FSRU Project - 27 Jun, 2024

Triumph Offshore Private Ltd, a subsidiary of Swan Energy, has pre-paid Rs 300 crore debt to its consortium of lenders for the Floating Storage and Regasification Unit (FSRU) project. The 5 MMTA capacity FSRU was constructed at the LNG port near Jafrabad in Gujarat at a cost of around ₹6,500 crore to boost gas imports. Swan has signed regasification agreements with major oil companies covering the entire 5 MMTA for 20 years.

Swan Energy to Acquire Stake in TOPL - 25 Jun, 2024

Swan Energy is set to acquire a 49% equity stake in Triumph Offshore Private Ltd (TOPL) from Indian Farmers Fertiliser Cooperative Ltd (IFFCO) for Rs 440 crore. The acquisition involves 26,21,50,000 equity shares of Rs 10 each and will be completed on or before August 10, 2024.