India's Swan Energy at 1-month high on report co to lease out vessel

Swan

10/03/2023 05:14

** Shares of Swan Energy  SWAN.NS  rise as much as 8.7% to
301.6 rupees, their highest since Feb 2
    ** The textiles products maker signed an agreement through
its unit Triumph Offshore to lease out its floating storage
regasification unit vessel for annual rentals of about 8 bln
rupees ($97.53 mln), a Moneycontrol report said, citing news
agency PTI 
    ** Co will lease out to Turkish government-owned natural gas
and LNG firm Botas for 12 months
    ** More than 1.4 mln shares traded, 2.4x the 30-day avg
    ** Stock down 2.7% this year, as of last close 
    ** Stock up 110% in 2022
    
    ($1 = 82.0230 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))