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Swan Energy Limited ( (IN:SWANENERGY) ) just unveiled an update.
Swan Energy Limited has announced the formation of a new subsidiary, Swan Balu Heavy Industries Private Limited, in collaboration with Balu Forge Industries Limited. This Special Purpose Vehicle (SPV) aims to explore opportunities in the global defense, aerospace, railways, and nuclear industries. Swan Energy holds a 60% equity stake in the new company, which will focus on supplying products and solutions suitable for these sectors. This strategic move is expected to enhance Swan Energy’s market positioning and expand its footprint in these high-potential industries.
More about Swan Energy Limited
Swan Energy Limited operates in the energy sector with a focus on innovative solutions for various industries including defense, aerospace, railways, and nuclear. The company is expanding its market presence through strategic partnerships and the formation of subsidiaries to explore global opportunities.
Average Trading Volume: 188,459
Current Market Cap: 131.2B INR
For a thorough assessment of SWANENERGY stock, go to TipRanks’ Stock Analysis page.