Swan Energy’s 100% subsidiary – Cardinal Energy & Infrastructure (CEIPL) has received Commencement Certificate (CC) for the construction of residential building at Bangalore, consisting of 2 basement + GF + 20 Floors containing 113 flats. The potential top line sale in the Project, being executed under a Joint Development Agreement (JDA), will be around Rs 300 crore.
Swan Energy is engaged in trading in fabric as well as in development of properties. Their activity includes manufacturing and marketing of cotton and polyester sarees and shirtings in India. The company also engaged in the business of Textiles, Property Development.