A significant milestone in the shipyard's revival, RNEL has successfully completed the refit of the Indian Coast Guard's fast patrol vessel, Raj Ratan. The company is now gearing up to commence shipbuilding operations at the facility. Swan's shipyard boasts the largest dry dock in India, measuring 662 meters by 65 meters, and one of the largest globally. Equipped with a 600-tonne SWL goliath crane, the shipyard also features modern fabrication, piping, and painting facilities with a capacity of 12,000 tons per month. Additional facilities include a 980-meter-long pre-erection berth for assembling mega blocks and a 350-meter-long dual berthing quay for afloat fit-out and commissioning. Swan Energy is a leading global conglomerate with diversified interests in textile, real estate, oil & gas and shipbuilding and heavy engineering. On a consolidated basis, net profit of Swan Energy declined 39.37% to Rs 51.28 crore while net sales declined 15.62% to Rs 1032.19 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

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

Profit before tax was at Rs 57.39 crore in Q2 FY25, down 67.82% as against Rs 178.37 crore posted in same period last year. Total expenses stood at Rs 1,006.11 crore in Q2 FY25, down 4.33% year on year. Cost of material consumed was Rs 949.08 crore (up 9.68% YoY), employee benefits expenses stood at Rs 11.64 crore (up 40.07%YoY), finance costs was at Rs 65.66 crore (up 12.54% YoY) during the period under review. Revenue from textile segment dropped 54.32% to Rs 25.41 crore and revenue from energy segment tumbled 65.13% YoY to Rs 65.99 crore in Q2 FY25 over Q2 FY24 while revenue from construction business fell to Rs 25.27 crore in Q2 FY25 from Rs 37.46 crore posted in Q2 FY24. On half year basis, the company's net profit jumped 19.27% to Rs 190.21 crore on 7.21% rise in revenue from operations to Rs 2,173.92 crore in H1 FY25 over H1 FY24. Meabwhile, Balu Forge Industries, a precision engineering and manufacturing firm, and Swan Energy have signed an agreement to form a special purpose vehicle (SPV) to expand operations in the defence, aerospace, railways and nuclear industries. Swan Energy is a premier oil and gas service & petrochemical trading company. The objective of the incorporation of SPV is to engage and explore the potential for supply of products and solutions suitable for the global defence industry, aerospace, railways and nuclear industries. Swan Group is among India's leading private sector business houses serving the nation for more than a century across textile, real estate and oil & gas sectors.Powered by Capital Market - Live

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

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

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

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

Net profit of Swan Energy rose 87.71% to Rs 138.94 crore in the quarter ended June 2024 as against Rs 74.02 crore during the previous quarter ended June 2023. Sales rose 41.95% to Rs 1141.74 crore in the quarter ended June 2024 as against Rs 804.30 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1141.74804.30 42 OPM %33.3629.51 - PBDT348.08184.08 89 PBT320.57157.30 104 NP138.9474.02 88 Powered by Capital Market - Live

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