Swan Energy Share Price Target 2024-2030 Fundamentals & Quarterly Results

Swan Energy Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results –Swan Energy Limited is a petrochemicals and textile company based in India. The Company operates through the following business segments: Textile, Energy, Construction/Others, Distribution & Development, Warehousing, Manufacturing, and Power Generation. The Company’s business verticals are oil and gas, petrochemical manufacturing and trading, textiles, and realty.

Swan Energy Overview

In 1909, Swan Energy Limited (SEL) was established as Swan Mills Ltd. (SML), a business that deals with production and selling of cotton and polyester textiles in India. In the course of years, it broadened its scope of business to Real estate and is currently constructing a Floating Storage and Regasification Units – based liquid natural gas (LNG) import terminal at Jafrabad, Gujarat.

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Swan Energy Business Profile

The J.P. Goenka Group established SEL in 1909 under the name of Swan Mills Limited and was reconstituted in 1992 with Dave and Merchant families. Fresh in the course of its operations, SEL was engaged in textiles with the mills situated at Sewri & Kurla. However, textiles ceased to be a core market for SEL from the year 2002. In the year 2011, textile business was also revived by SEL in ambad by commissioning a new facility. Later on, SEL changed the use of their existing land holdings to real estate development.

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Textiles

The company has its base in Ahmedabad, and possesses a Fabric Processing Unit capable of processing 1 lakh meters per day. The products manufactured by the Company include polyester silk blended shirting, sarees, cotton & blended Cambrics, etc. yarn Counts ranging from 10 to 100s, Poly-cotton ranging from 45 to 80s.

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Energy

By means of its subsidiaries, Swan LNG Pvt. Ltd. and Triumph Offshore Pvt. Ltd., SEL is developing a Floating Storage and Regasification Unit (FSRU) project located in Jafrabad, Gujarat with a regasification capacity of 5MMTPA of liquefied Natural Gas (LNG). This Project operates on a business model of ‘Tolling terminal’ and has reserved a capacity of 4.5MMTPA (out of 5MMTPA) troughput on a ‘Use or Pay’ basis for twenty years by GSPCL (1.5MMTPA), IOCL (1.0MMTPA), BPCL (1.0MMTPA), and ONGC (1.0MMTPA), which are state or central PSU corporations. The project was envisaged to be completed by April 2020 with an estimated expenditure of Rs. 6,027 crores.

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Real estate

SEL has dedicated more resources towards the commercialization and construction of residential units on the mill land parcel owned by them as well as other parcels of land.  In the FY19, the revenue from this segment jumped to 63 % owing to the disposals of Tower.
Under its mill land monetization strategy, SEL has also built a residential complex (Ashoka Garden) in Sewri and an office IT Park in Kurla. It has entered into a Joint Venture with Peninsula Land Limited (PLL) for Mumbai properties development and monetization.

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Rental Income

Sai Tech Park, Bangalore: Currently occupied by Harman Connected Services (Samsung Group) paying annual rent of Rs. 16.94 Crores.
Technova Park, Hyderabad: Currently occupied by an Indian subsidiary of Google paying annual rent of Rs. 14.95 Crores.

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Projects in progress – BTM, Bengaluru: A 0.75 acre piece of land, intended for construction of residential property Yeswan /tpur area, Bengaluru: Residential project of 22 story tower, having 3 wings under construction. Joint Development Agreement (JDA) with Chigateri Family (land owners) project.

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Pegasus Ventures Private Limited (100%): Land bank situated around possible Chengalpet developments in Bangalore, Mangalore and Mysore and Chennai respectively.

Manufacturing Facility

As of the first half of the fiscal year 2024, SEL has a textile processing unit at Ahmedabad, Gujarat that is functional and has a capacity of 360 million square meters.

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The corporation has provided a Corporate Guarantee (CG) of US$ 224.4 million (Approx. Rs 1670 crores) to M/s Hyundai heavy Industries Company Limited, South Korea (HHICL) for its subsidiary TOPL, which will remain in force until the FSRU Vessel is delivered to the TOPL.

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Subsidiary

SEL’s subsidiary, TOPL (Triumph Offshore Private Limited), has entered into a lease agreement with Swan LNG Pvt Ltd (SLPL) for the charter of a floating storage and regasification unit (FSRU) for a period of 20 years at the LNG terminal. In anticipation of the terminal construction completion, TOPL has executed a Heads of Agreement Term Sheet dated 31.12.22 with BOTAS Trading IC Headquarters Jersey Ankara Main Branch, Turkey for bare boat chartering of the FSRU (without providing the crew and incurring any costs for maintaining the vessel) on a lease for a minimum period of 304 days at the costs effective as of 02 January 2023 for USD2,50,000 per day (~ 2 Cr. per day in script).

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Swan Energy Fundamentals & Quarterly Results

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Swan Energy Quarterly Results

CAGR Report

Swan Energy shareholding Pattern

Swan Energy Share Price Target 2024-2030 Forecast

SWAN ENERGY Share Price Target 2025

SWAN ENERGY Share Price Target 2026

SWAN ENERGY Share Price Target 2027

SWAN ENERGY Share Price Target 2028

SWAN ENERGY Share Price Target 2029

SWAN ENERGY Share Price Target 2030

Official Website –swan.co.in