Introduction:
Stock is in focus after securing a ₹111 crore purchase order for the supply, installation, and commissioning of AI-based infra-secure items. The order is set for completion by October 2025, marking a significant business expansion.
Share Price movement of Swan Energy:
On February 3, 2025, Swan Energy Ltd opened at ₹548.15, down 4.00% from its previous close of ₹564.35. The stock reached a high of ₹551.00 and a low of ₹532.05. The stock closed at ₹541.80, with a market cap of ₹16,983.09 crore.
Swan Energy receives new order:
Swan Energy Limited, through its subsidiary Agneyastra Innovations Private Limited, has received a ₹111 crore Purchase Order from Agneyastra Technion Private Limited. This order pertains to the supply, installation, and commissioning of AI-based Infra-secure items, marking a significant business milestone.
The order, awarded by the domestic entity Agneyastra Technion Private Limited, is scheduled for completion by October 10, 2025. This contract will involve the provision of comprehensive infra-secure solutions, leveraging advanced AI technologies to enhance security infrastructure across various applications.
Agneyastra Technion Private Limited holds a 40% stake in Agneyastra Innovations, thus making this transaction a related party deal. However, the contract is being executed at arm’s length, ensuring transparency and adherence to regulatory guidelines.
Also Read: Stock jumps 3% after it receives order from Ministry of Railways
Recent news About Swan Energy :
On December 2, 2024, Swan Energy announced the successful resumption of operations at its shipyard, Reliance Naval and Engineering Limited (RNEL). The shipyard completed the repair of the Indian Coast Guard’s vessel, Raj Ratan, ahead of schedule, by November 30, 2024.
Stock performance of Swan Energy for Period of 1 week, 6 months and 1 year:
Swan Energy stock has experienced a 5.22% rise over the past week. However, it has shown a 17.2% decline over the last 6 months and a 17.8% decrease over the past year, reflecting mixed performance during these periods.
Also Read: Packaging stock jumps 6% after it announces 110% growth in exports
Shareholding pattern of Swan Energy:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 53.96 | 53.96 | 53.96 |
| FII | 10.82 | 11.79 | 11.84 |
| DII | 13.18 | 13.65 | 14.81 |
| Retail & others | 22.02 | 20.58 | 19.37 |
About Swan Energy:
Swan Energy is a diversified company with operations in textiles, real estate, and energy. It focuses on infrastructure, manufacturing, and renewable energy projects, aiming to strengthen its position in the market with sustainable and innovative business practices across various sectors.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
