Swan Defence and Heavy Industries Shares Price Surge 5% After USD 220 Million Export Deal

Mumbai, November 11, 2025: Swan Defence and Heavy Industries (SDHI) share price closed with a 5% gain on Tuesday after the company secured a major international contract with Norway-based ship owner Rederiet Stenersen AS. The USD 220 million deal involves constructing six state-of-the-art chemical tankers.

Swan Defence and Heavy Industries Limited (SDHI), formerly known as Reliance Naval and Engineering Limited, is a leading player in shipbuilding, heavy fabrication, and defence-grade marine engineering. The company caters to both domestic and international clients, delivering advanced solutions across the maritime and defence sectors.

Key Deal highlights

Swan Defence and Heavy Industries Limited has signed a Letter of Intent (LoI) with Norway-based shipowner Rederiet Stenersen AS to construct six IMO Type II chemical tankers, with the potential to plan six more in the future if needed. Each vessel will have a capacity of up to 18,000 DWT, with the total contract valued at approximately USD 220 million. This LoI represents one of India’s largest export orders for chemical tankers, highlighting Swan Defence and Heavy Industries’ growing presence in the global shipbuilding market.

Management Commentary

Director of Swan Defence and Heavy Industries Limited, Vivek Merchant, stated that this partnership marks a very definitive moment for indian shipbuilding and SDHI. This is the company’s first major export of advanced chemical tankers to Norway.

Strategic Significance

The IMO Type II chemical tankers will feature a hybrid propulsion system, enabling conversion between methanol and LNG fuel, along with battery capacity upgrades of up to 5,000 kWh. These next-generation vessels are designed for lower emissions, enhanced manoeuvrability, and superior operational efficiency. They will fully comply with stringent European environmental standards, reflecting Swan Defence and Heavy Industries’ commitment to sustainable and advanced shipbuilding.

Share Price Update

SDHI stock has delivered exceptional returns over the past year, gaining 2,510%, with a 537% rise in the last six months, 47% in the past month, and 15% over the previous five days, reflecting strong investor confidence in SDHI’s growth trajectory.

REF: https://nsearchives.nseindia.com/corporate/SWANRNEL_10112025185825_PressReleaseSDHI10112025.pdf

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