Swan Energy Limited (SEL) was originally incorporated in 1909 as Swan Mills Ltd. (SML), a manufacturer and marketer of cotton and polyester textile products in India. Today it is owned and managed by Dave and Merchant families who took over the Company from J.P Goenka Group in 1992.

The company has since forayed into the booming real estate field in 2004, closely followed by its entry into the green energy sector in 2008. Here it is set to tap the positive growth tailwind in the Indian energy sector with an innovative Re-gasification Project - LNG FSRU unit. Given the huge demand-supply gap in the natural gas sector, the FSRU unit provides significant upside to the Company’s growth. Thus, the company has a pan-India presence, catering to various segments.

Business area of the company

The company is engaged in the business of Real Estate, Textile and Energy

Business Division

• Textile
• Real Estate
• Energy and Mining Sectors

Milestones

• 1909: Incorporation
• 2004: Change of Management, Mill Land Development
• 2009: JV-700MW Gas Based power plant with Gujarat Government
• 2010: FSRU Initiation, Disinvestment from gas power Plant Investment in Tier II Tier III cities
• 2013: 'Environment clearance for the development of project 'Floating Storage and regassification Unit (FSRU)' based LNG import terminal near Pipavav, Gujarat'.
• 2013: Development of the Project “Greenfield LNG Port Terminal with Floating Storage and regassification Unit (FSRU)' at Jafrabad, Gujarat'.
• 2013: Swan LNG becomes wholly owned subsidiary of Swan Energy
• 2016: Swan Energy Ltd has signed a MOU with Petronasr and Alpha Energy Ltd.
• 2016: Swan Energy Ltd. has received approval from Gujarat Maritime Board (GMB) for commencement of construction of LNG terminal in Gujarat.
• 2016-17: Signed long term terminal user agreements with Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), ONGC and GSPC for 4.5 MMTPA out of the first phase capacity of 5 MMTPA.
• 2017-18: The company executed Bare Boat Charter agreement with Triumph Offshore Private Limited, to charter floating storage and regasification unit (FSRU) to the company on a long term lease for a period of 20 years.
• 2018-19: EPCC contract with M/s Black & Veatch Private Limited, for LNG Jetty topside and onshore facilities.
• 2019-20: Through a new subsidiary Swan Global Pte Limited, established at Singapore, the company will be exploring new ventures in the fields of oil & gas.