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TRIL takes 10% stake in Swan LNG project

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LNG Industry,

Bloomberg is reporting that Tata Realty and Infrastructure Ltd. (TRIL) is taking a 10% stake in a Rs 5900 crore FLNG import terminal being set up by Swan Energy in Gujarat.

This will be the first investment by the Tata Group in the gas industry.

TRIL is a wholly-owned subsidiary of Tata Sons, the holding company of the Tata Group.

Swan Energy announced that it has received an Expression of Interest (EOI) from Tata Realty and Infrastructure Ltd., showing its willingness to invest up to 10% of the equity.

The Tata investment will cost Rs 200 crore.

On Swan's LNG project, the Gujarat government had picked 26% equity. The Gujarat government participation in the project was through Gujarat State Petronet Ltd. and Gujarat Maritime Board jointly.

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