Swan Energy (SEL) announced the resumption of operations at its Shipyard (Reliance Naval and Engineering or RNEL).Swan`s shipyard has commenced refit of ships at its establishment. Indian Coast Guard`s fast patrol vessel, Raj Ratan, is the first repair project, which began on 4 September 2024. The project has been completed ahead of schedule, on 30 November 2024. The refit was executed in association with Sadhav Offshore Engineering.The dry docking and refit of this ship marks a significant milestone in the revival of the Shipyard, after SEL took over its management control earlier this year through NCLT. As part of the comprehensive refit of the ICG vessel, Swan`s shipyard provided end to end services, including berthing and dry docking, along with critical yard services essential for the vessel`s overhaul. Swan`s Shipyard is also gearing up to commence its shipbuilding operations at the facility.Powered by Capital Market - Live News

Net profit of Swan Energy declined 39.37% to Rs 51.28 crore in the quarter ended September 2024 as against Rs 84.58 crore during the previous quarter ended September 2023. Sales declined 15.62% to Rs 1032.19 crore in the quarter ended September 2024 as against Rs 1223.26 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1032.191223.26 -16 OPM %11.6421.01 - PBDT85.76205.47 -58 PBT57.40178.37 -68 NP51.2884.58 -39 Powered by Capital Market - Live News

Swan Energy will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live News

Swan Energy announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live News

Swan Energy announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live News