Swan Energy gained 4.6% to Rs 161.40 at 09:41 IST on BSE after the company executed agreement with Mitsui OSK Lines for its FSRU port project at Jafrabad, Gujarat.
The announcement was made after market hours yesterday, 18 September 2017.Meanwhile, the S&P BSE Sensex was up 4.56 points, or 0.01% to 32,428.32. The S&P BSE Mid-Cap index was up 66.80 points, or 0.42% to 16,156.74.
On the BSE, 40,000 shares were traded in the counter so far, compared with average daily volumes of 64,419 shares in the past one quarter. The stock had hit a high of Rs 164 and a low of Rs 159 so far during the day. The stock had hit a record high of Rs 213.40 on 14 December 2016. The stock had hit a 52-week low of Rs 58.50 on 29 September 2016.
The mid-cap company has equity capital of Rs 24.43 crore. Face value per share is Re 1.
Swan Energy said that the company through its fully owned subsidiaries Swan LNG Private and Triumph Offshore has physically executed agreements with Mitsui OSK Lines, Japan for its LNG dedicated floating storage and regasification unit (FSRU) port project at Jafrabad, Gujarat.
Swan Energy reported net profit of Rs 3.11 crore in Q1 June 2017 compared with net loss of Rs 1.88 crore in Q1 June 2016. Swan Energy's total income rose 16.7% to Rs 81.71 crore in Q1 June 2017 over Q1 June 2016.
Swan Energy is engaged in the manufacturing of textile products. The company is also engaged in the real estate development and energy businesses.
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