Swan Energy subsidiary repays ₹2,206 crore loan

Swan Energy said that its subsidiary Swan LNG (SLPL) has pre-paid entire loan, along with interest till date, to the consortium of banks, amounting to approximately Rs 2,206 crore. The groups external debt positionwas approximately Rs 4,128 crore in September 2023, reduced to approximately Rs 3,817 crore in December 2023 and now stands at approximately Rs 1,675 crore.

The company is fully focused on growth and in-parallel is continuously endeavoring to reduce debt from the balance sheet, Swan Energy said in a statement.