Swan Defence shares re-list on stock exchanges, up 5% after listing, Marking a New Era of Growth
MUMBAI : Swan Defence and Heavy Industries Limited (SDHI) achieved a significant milestone on Monday as its shares resumed trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The stock opened at ₹35.99 on the BSE under the scrip code 533107/SWANDEF and has risen by 5% so far during the session, recording an intra-day high of ₹37.78 on the BSE.
Speaking on this occasion, Mr. Vivek Merchant, Director, Swan Defence and Heavy Industries, said that “The resumption of trading marks a new journey to transform their shipyard into a premier global maritime hub, advancing India’s position in global shipbuilding. We welcome all stakeholders to the Swan Family!”
The company has already showcased its operational revival by completing the refit of the Indian Coast Guard’s fast patrol vessel, Raj Ratan, ahead of schedule, highlighting its robust execution capabilities. Preparations are underway to commence shipbuilding operations at its shipyard, reflecting Swan Defence’s strategic focus on growth and innovation.
The relaunch of Swan Defence and Heavy Industries signals Swan Energy’s dedication to innovation, sustainable growth, and strengthening its position as a leader in the global maritime and industrial sectors.
About Swan Defence and Heavy Industries Limited
Swan Defence and Heavy Industries Limited is India’s largest shipbuilding and heavy fabrication company, strategically located on the west coast of India. Equipped with a state- of-the-art shipyard featuring a 662m x 65m dry dock and an impressive fabrication capacity of 1,44,000 tons per annum, SDHI is a leader in maritime and heavy engineering innovation.The company is committed to excellence, leveraging advanced technology and world-class infrastructure to deliver high-quality solutions for the maritime and heavy fabrication sectors. Swan Defence is poised to make significant contributions to India’s growing maritime economy and industrial capabilities.