Swan Energy locked at 20% upper circuit on GMB approval

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26 Aug, 2025 12:21

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Moneycontrol BureauShare price of Swan Energy has touched 52-week high of Rs 201.35 and locked at 20 percent upper circuit on the Gujarat Maritime Board approval to commence construction of LNG terminal for its project in Gujarat."The company's subsidiary Swan LNG (SLPL) has received approval from Gujarat Maritime Board (GMB) for commencement of construction of LNG terminal with ancillary structures for its floating storage and re-gasification unit (FSRU) project at Jafrabad, Gujarat," as per company release.SLPL has executed an EPC contract for marine and dredging works worth Rs 2115 crore with National Marine & Infrastructure India (NMIIPL) for carrying out the construction of LNG terminal at Jafrabad, Gujarat.The said project is to be completed within 3 years.NMIIPL has already started the construction works.At 14:19 hrs Swan Energy was quoting at Rs 201.35, up Rs 33.55, or 19.99 percent. There were pending buy orders of 264,447 shares, with no sellers available on the BSE.Posted by Rakesh Patil