Swan Energy’s stock rose 15.40 percent during today’s intraday trading on December 4, reaching a three-month high of ₹728.70 a share before ending the day with a 12.34 percent gain at ₹709 per share. The stock jumped 53% in just six weeks as a result of this rise.
According to a declaration submitted on Monday to the stock exchanges, the business announced that it has begun operations at its shipyard, formerly known as Reliance Naval and Engineering, which it acquired earlier this year. This news has caused Dalal Street to hum with activity.
Swan’s shipyard has started refitting ships, with the first repair project being the Raj Ratan, a swift patrol vessel used by the Indian Coast Guard (ICG). Commencing on September 4, 2024, the refit was finished on November 30, 2024, ahead of time. In cooperation with Sadhav Offshore Engineering Pvt Ltd, the project was completed.
Swan Energy Share Price
Swan Energy Limited’s stock is now trading at Rs. 727, up 15.24% from when it last closed at Rs. 631.45. After only two and a half weeks, the stock has risen sharply from Rs. 477 to Rs. 727, representing a 52% return.
About the Company – Swan Energy
Originally established in 1909 as Swan Mills Ltd., Swan Energy Limited (SEL) has transformed from a textile company to a multifaceted corporation. The company is now involved in energy and real estate projects, such as the construction of an LNG import terminal at Jafrabad, Gujarat, that is based on Floating Storage and Regasification Units (FSRU).
SEL’s shipyard is a significant asset, with one of the biggest dry docks in the world and the largest in India, measuring 662 by 65 meters. Modern manufacturing, piping, and painting facilities, as well as a 600-ton SWL goliath crane, enable the shipyard to handle 12,000 tons each month. With additional amenities including a 350-meter dual-berthing quay for afloat fit-out and ship commissioning and a preelection berth for mega block assembly, Swan Energy is positioned as a major leader in shipbuilding and maritime services.
