Swan Energy repays debt of Rs 40 crore towards its fund-based facilities of textile business
时间:2024-06-26 10:39:38 阅读(143)
Swan Energy Limited announced that it has made a repayment of debt of Rs 40 crore towards its entire fund-based facilities of textile unit to the consortium of banks led by Union Bank of India. The consortium of banks comprises Union Bank of India, Bank of Baroda, Punjab National Bank and Mehsana.
“This move is a part of Swan Energy’s commitment to significantly reduce the debt position in its books. The debt repayment demonstrates Swan Energy’s goal to further strengthen the financial position by efficiently managing the financial obligations,” the company said in a statement.
Swan Energy Limited has recently made a prepayment of Rs 300 crore debt for its Floating Storage and Regasification Unit (FSRU) Project. The company has made the debt prepayment out of its internal accruals through its subsidiary Triumph Offshore Private Limited (TOPL) to its consortium of senior lenders of FSRU Project.
The FSRU vessel was commissioned in February 2023, which represents India’s first new build FSRU initiative, embodying Swan Energy’s leadership in ushering transformative developments in the LNG sector.
上一篇:Mahindra & Mahindra bets big on SUV demand in H2; Should you buy, hold or sell the stock-
下一篇:Zydus Lifesciences shares soar on Q2 results; Should you buy, hold or sell Zydus stock-
猜你喜欢
- NSE F&O Ban- Hindustan Copper, GNFC, Piramal Enterprises are stocks under ban on August 4, Friday
- Oil dips on US crude stock build, supply worries limit losses
- Gold near oversold zone, traders waiting for directional cues; be safe on trade, avoid taking any positions
- Gold Price Today, 17 August- MCX gold falls 0
- NSE Bulk deals, July 19- Anmol India, DP Wires, E2E Networks other major deals that took place on Wednesday
- Long term share market investment- Keep 10-15 stocks in portfolio to make money
- Global Markets- Markets mixed as tech boosts US stock futures, Europe dips
- Global shares down as bank stocks tumble; traders reassess rate hike bets
- t to note that like all asset classes, Gold prices are also affected by several factors and tend to have a period of outperformance and underperformance and periods of higher volatility. You need to have Demat and trading accounts to invest in exchange-traded funds.
(Siddharth Srivastava is Head – ETF Product, Mirae Asset Mutual Fund. The views expressed in the article are of the author and do not reflect the official position or policy of FinancialExpress.com.)