Swan Defence and Heavy Industries Limited
Incorporated in 1997, Reliance Naval and Engineering Ltd is engaged in the construction of vessels, repairs and refits of ships and rigs and heavy engineering
What Swan files
- Others61
- Updates30
- Important16
- Investor Meet14
- Board Meeting11
- JV/Acquisition3
NCLT sanctioned Swan Defence's merger with Triumph Offshore, consolidating operations for strategic growth and efficiencies. Swan Defence will issue 1325 preference shares for every 1000 Triumph Offshore shares. The scheme also includes a balance sheet cleanup to offset ~INR 2106 Cr debit in retained earnings using reserves.
SWAN DEFENCE secured an order from Svitzer A/S for four advanced tugs. This Category 2 contract implies a value between Rs. 251 Cr and Rs. 750 Cr, signaling a key business development.
Swan Defence and Heavy Industries secured a new export order from Svitzer A/S to build four advanced TRAnsverse 3200 tugs. Deliveries commence early 2028 for these high-specification, fuel-efficient vessels, bolstering SDHI's global shipbuilding presence.
SDHI reported a landmark turnaround with ₹440 Cr income and ₹34.5 Cr adjusted PAT. Secured a ~$500M order book with major commercial/defence newbuilds. The company also completed a ~₹500 Cr share sale, diluting 5% equity at ~₹10,000 Cr valuation.
Swan Defence reported FY26 consolidated loss of Rs. 225.91 Cr, impacted by a Rs. 2,620 Cr book loss from OSV asset sales. Board approved raising up to Rs. 4,000 Cr via various modes and appointed Jignesh Shah as new CFO. Amalgamation scheme received shareholder nod.