Swan Defence Shares Hit 5% Upper Circuit on Strategic MoUs with GMB and SMFCL

Mumbai, September 22, 2025 – Swan Defence and Heavy Industries Ltd shares opened 4.99% higher at ₹577.10 today and hit the upper circuit of 5%, reaching a new 52-week high. The rise followed reports of two strategic Memorandums of Understanding (MoUs) to support India’s maritime and shipbuilding sectors.

Originally known as Reliance Naval and Engineering Ltd, Swan Defence and Heavy Industries Ltd. is India’s largest dry dock (662m x 65m) based in Pipavav Port and has a fabrication capacity of 1,44,000 tons per year. The Company engages in shipbuilding, heavy fabrication, and related marine services. The focus is to create vessels and structures with innovation, safety, and sustainability at the forefront.

Stock Performance

At 11 am, the shares of the company are trading at 577.10, up 27.45 (4.99%) from its previous close of 549.65. The market cap of ₹3,040.29 crores is hitting the upper circuit and nearing the 52-week high, driven by landmark MoUs with a government agency that have created future investor confidence.

Strategic Partnership with Gujarat Maritime Board

The firm has signed a memorandum of understanding (MoU) worth ₹4,250 crore with the Gujarat Maritime Board (GMB) for capacity upgrades at shipyards and marine ecology development. Under the MoU, an investment of ₹3,500 crore will be expended on improvements to existing facilities and infrastructure such as slipways, cranes, dredging, and dredging jetties.

An amount of ₹200 crore will be invested in a Centre of Excellence for Maritime, which will train over 1,000 youth each year through the use of simulators and laboratories with state-of-the-art equipment.

The remaining ₹550 crore will be utilized to establish a Maritime Cluster at an INR shipyard, thereby fostering the development of allied industries that drive the regional economy. The CEO, Rear Admiral Vipin Kumar Saxena (Retd.), stated that the initiative and collaboration will build on India’s strategic position in the maritime space globally.

Funding and Innovation via SMFCL

Simultaneously, Swan Defence signed an MoU with Sagarmala Finance Corporation Ltd (SMFCL) to act together in an arrangement under the Maritime Focused Equity Fund to facilitate projects related to shipbuilding, repairs, and ecosystem development, with a priority on green fuels, energy-efficient designs, and digital shipyard models. The MoU also focuses on ESG compliance, export-readiness, and workforce skilling.

Enhancing India’s Maritime Vision

Combined, these partnerships put Swan Defence at the forefront of India’s Maritime India Vision 2030 and Amrit Kaal Vision 2047. The developments not only build industrial capacity but also ensure sustainable and future-ready operations in the global shipbuilding space.

Outlook

The strategic partnerships formed by Swan Defence will enable them to drive growth, attract new investments, enhance India’s maritime capabilities, and play a leading role in sustainable shipbuilding, technology adaptation, and transformation over the long term.

REF:https://nsearchives.nseindia.com/corporate/SWANRNEL_20092025130136_MoU_between_SDHI_and_GMB_Ink_Landmark.pdf

https://nsearchives.nseindia.com/corporate/SWANRNEL_20092025144030_SDHIL_Letter_press_release.pdf

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