Swan Energy Shares Surge on Resumed Shipyard Operations

Swan Energy shares hit an all-time high of Rs 796.70 on NSE

Shares closed at Rs 782.75, a 7.43% increase

Pipavav Shipyard resumed operations after NCLT takeover

Shipyard completed Indian Coast Guard vessel refit ahead of schedule

Swan Energy sold a floating LNG terminal asset for $399 million

The sale was to Botas, Turkey's state-run company

This involved the sale of Triumph Offshore Pvt Ltd assets

Resumption of shipyard activities boosted investor confidence

The shipyard is now refitting and preparing for shipbuilding

The deal marks a significant step in the shipyard's recovery