Swan Energy Limited — Updates, 02-12-2024: Press Release

Swan Energy Limited (SEL) has successfully resumed operations at its shipyard, Reliance Naval and Engineering Limited (RNEL), marking a pivotal revival under its management. The shipyard recently completed the refit of the Indian Coast Guard's fast patrol vessel, Raj Ratan, ahead of schedule, on November 30, 2024, in collaboration with Sadhav Offshore Engineering Pvt. Ltd.

This milestone underscores SEL's commitment to enhancing India's ship repair capabilities and its vision to turn the facility into a leading maritime hub for both defense and commercial shipbuilding. The yard boasts the largest dry dock in India, with advanced modernization including a 600-tonne SWL goliath crane and facilities for 12,000 tons of fabrication capacity monthly. The company's proactive steps signal a positive outlook for its operations and future growth in the heavy engineering sector.