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Swan Energy Subsidiary TOPL takes delivery of First Indian Flag FSRU

Swan Energy Limited subsidiary Triumph Offshore Pvt Ltd (TOPL) has remitted US$ 139.3 million, being fifth and final installment to M/s Hyundai Heavy Industries Company Limited, South Korea and taken delivery of the FSRU which is the first Indian Flag FSRU.

 

The company had informed earlier that the LNG Terminal / FSRU Project of the company is under advanced stage of construction through two subsidiary companies i.e. Swan LNG Pvt. Ltd. (SLPL) and TOPL.

 

It further informed on August 6, 2020 that all concerned that with SBI being the lead banker, both the above companies have successfully achieved Financial tie up and have also executed all requisite financial / security documents. The total sanctioned amount under consortium was Rs. 31.52 billion and Rs. 18.0287 billion for SLPL and TOPL respectively.

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