debt reduction
| March 4, 2024, 9:58 a.m.
Swan Energy Subsidiary Repays ₹2,206 Crore Loan, Achieves Significant Debt Reduction
Swan Energy Limited's subsidiary, Swan LNG Private Limited (SLPL), has fully repaid a loan of approximately ₹2,206 crore to a consortium of banks, resulting in significant interest savings. This prepayment contributes to Swan Energy's overall debt reduction strategy, with plans for utilising funds from a recently concluded Qualified Institutions Placement (QIP) to further reduce debt and modernise its shipyard facility. Despite the positive news, Swan Energy's shares witnessed a slight decline on the stock exchange.
Read More.Stories
Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
Latest News
