Swan Energy’s natural gas business arm prepays Rs 2,206 crore debt
Swan Energy on Monday said its natural gas business arm Swan LNG Pvt Ltd has prepaid Rs 2,206 crore of loan taken from a consortium of lenders.
Post-prepayment, Swan LNG’s debt has come down to Rs 1,611 crore and the firm will save around Rs 250 crore in interest cost annually, the company said in a statement without disclosing the lenders’ names.
Before the repayment, the group’s overall debt stood at Rs 3,817 crore as of December 2023.
To facilitate the pre-payment, the parent company Swan Energy has lent Rs 2,210 crore to Swan LNG.
