Swan Energy’s announcement on Wednesday of Tata Realty and Infrastructure showing interest in its liquefied natural gas terminal took bankers and consultants by surprise.
“We have to go through a due-diligence process (for Swan deal). We have been looking at opportunities in the ports and terminals business. We have similarly expressed our interest earlier in a container terminal in Sri Lanka,” said Sanjay Ubale, managing director and chief executive officer, Tata Realty and Infrastructure.
In a stock exchange filing, Mumbai-based Swan said it had “received an expression of interest from Tata Realty and Infrastructure, showing its willingness to

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