Swan Defence and Heavy Industries Limited (SDHI), a key player in commercial and defence shipbuilding, is set to recommence trading of its shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the script code 533107/SWANDEF. Trading will begin on January 20, 2025, marking a significant milestone in the company’s journey toward operational revival.
Key Developments
- Management Transition: Swan Energy Limited acquired management control of Swan Defence in January 2024.
- Operational Achievements: The company recently completed the refit of the Indian Coast Guard’s fast patrol vessel, Raj Ratan, ahead of schedule, showcasing its execution capabilities.
- Future Focus: SDHI is gearing up to initiate shipbuilding operations at its state-of-the-art shipyard.
Strategic Vision
Vivek Merchant, Director of SDHI, stated:
“The resumption of trading marks the beginning of a new journey for the shipyard. With our strategic location, cutting-edge infrastructure, and steady growth trajectory, we aim to transform the shipyard into a premier global maritime hub, contributing to India’s standing among top shipbuilding nations.”
Company Highlights
- Location: Strategically situated on the west coast of India.
- Infrastructure: Features a 662m x 65m dry dock and a fabrication capacity of 1,44,000 tons per annum.
- Industry Leadership: SDHI is a leader in maritime and heavy engineering, leveraging advanced technology to deliver high-quality solutions.
Implications for Stakeholders
The recommencement of trading not only signals SDHI’s commitment to operational excellence but also positions the company as a key contributor to India’s maritime economy and industrial growth.
About Swan Defence and Heavy Industries Limited
Swan Defence is India’s largest shipbuilding and heavy fabrication company, focusing on innovation and craftsmanship. Its vision aligns with elevating India’s maritime capabilities on a global scale.
