Swan Defence and Heavy Industries Ltd
2,854.60
INR
-86.90
(-2.95%)
Swan Defence and Heavy Industries Ltd
NSE:SWANDEF
(National Stock Exchange of India)
Recent
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2,854.60
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- -
ROIC.AI
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- Swan Defence and Heavy Industries Ltd Swan Defence and Heavy Industries Limited (SWANDEF.NS) operates as India's largest shipyard by capacity, specializing in shipbuilding, ship repair and refits, heavy engineering, and offshore fabrication; it constructs commercial vessels including Panamax bulk carriers up to 74,500 DWT, chemical tankers, offshore supply vessels, jack-up rigs, barges, and defence platforms such as naval offshore patrol vessels, landing platform docks, frigates, corvettes, and coast guard training ships; additionally, it provides heavy engineering solutions like fabrication of goliath cranes, ship-to-shore cranes, turbine components, and modules for offshore oil and gas, renewable energy, and yellow goods projects with an annual steel fabrication capacity of 144,000 metric tons. The company maintains state-of-the-art infrastructure across 600 acres in Pipavav, Gujarat, featuring the world's largest dry dock at 662m x 65m capable of handling vessels up to 400,000 DWT, a 340m x 60m wet basin, and a dedicated 750m x 265m offshore yard with 10,000-tonne load-out capacity, enabling simultaneous multi-vessel construction, repairs for ships and rigs, and year-round operations via 2.41 million sq. ft. of covered fabrication sheds. Founded in 1997 and headquartered in Mumbai as a step-down subsidiary of Swan Energy Limited, it serves domestic and international markets across commercial shipping, defence, and energy sectors with geographic focus on India and global trade routes. Recent developments include a January 2025 name change from Reliance Naval and Engineering Limited, resumption of share trading on NSE and BSE, signing of Letters of Intent for six 18,000 DWT ice-class hybrid chemical tankers with European owner Rederiet Stenersen AS valued at approximately USD220 million with options for six more, strategic MoUs with Samsung Heavy Industries for joint commercial shipbuilding of tankers, gas carriers, and container ships, Gujarat Maritime Board for INR4,250 crore infrastructure modernization, Mazagon Dock Shipbuilders for Indian Navy landing platform docks, Garden Reach Shipbuilders for indigenous commercial shipbuilding, Sagarmala Finance Corporation for financing support, Indian Maritime University for workforce training, and Varex Imaging for cargo inspection systems manufacturing, alongside completion of Indian Coast Guard vessel refits ahead of schedule and a planned USD500 million investment to expand shipbuilding capacity.