Shares of Swan Energy rallied 7.48 per cent to close at Rs 563.60 per piece on the NSE.Swan Energy on Thursday said it has formally taken over management control of Reliance Naval & Engineering. The acquisition of Reliance Naval marks the company's entry into the shipbuilding, ship repairing, and heavy fabrication industry.
Swan Energy shares surged 7.48% to Rs 563.60 after the company took over Reliance Naval & Engineering, marking its entry into shipbuilding and heavy fabrication.