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We understand from the sources that Swan Energy Limited is making a prepayment of Rs. 300 crore debt for its ground breaking Floating Storage and Regasification Unit (FSRU) Project. This step is a testament to Swan Energy's commitment to project sustainability.

The debt prepayment, executed through subsidiary Triumph Offshore Private Limited, underscores Swan Energy's dedication to fortify its financial position while advancing the FSRU Project. The FSRU, commissioned in February 2023, represents India's first new build FSRU initiative, embodying Swan Energy's leadership in ushering transformative developments in the LNG sector.

To ensure the seamless execution of debt prepayment, Swan Energy has diligently established a Debt Service Retention Account (DSRA) of approximately Rs. 94 crore. This strategic move demonstrates the company's foresight in managing financial obligations and optimizing resources.