Swan Defence and Heavy Industries Limited (SDHI) shares hit the 5% upper circuit on Wednesday after the company announced that it has signed an exclusive Teaming Agreement (TA) with Mazagon Dock Shipbuilders Limited (MDL), a Navratna PSU under the Ministry of Defence.
The collaboration focuses on the design and construction of advanced Landing Platform Docks (LPDs) for the Indian Navy, a major defence acquisition recently approved by the Defence Acquisition Council (DAC). The LPDs are crucial for enhancing the Navy’s capability in power projection, amphibious warfare, and humanitarian assistance and disaster relief (HADR) missions.
As part of the agreement, MDL will bring its proven expertise in ship design, system integration, and project management, while Swan Defence will utilize its modern shipbuilding infrastructure — the largest in India — to construct the vessels.
The partnership is expected to mark a significant step towards India’s self-reliance in defence manufacturing under the ‘Make in India’ initiative.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
