Swan Defence and Heavy (SWANDEF) — Announcement

📢 Key Event
Swan Defence wins contract to build four advanced Transverse 3200 tugs for Svitzer

💡 Investor Takeaway
This contract strengthens SDHI's order book with a major global maritime player and supports long-term growth in India's shipbuilding sector.

Swan Defence and Heavy Industries Limited announced it has won a contract from Denmark-based Svitzer to build four advanced Transverse 3200 tugs at its Pipavav shipyard in Gujarat, with deliveries starting in early 2028. The vessels will meet IMO Tier III emissions standards, feature biofuel capability, and incorporate a patented hydrodynamic hull design engineered for complex harbor operations, enhancing port productivity and sustainability. This order reflects growing global confidence in SDHI's engineering capabilities and strengthens India's position as a competitive shipbuilding hub.

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About Swan Defence and Heavy Industries Limited (SWANDEF)

Services · Ship Building · Listed on NSE

Market Cap: ₹14,214.7 Cr ROE: -340.1% ROCE: -7.5%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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