This Shipbuilding Company Gains 4% Today as It Bags India’s First Ammonia Dual-Fuel Bulk Carrier Order; Stock Delivers Over 1,700% Returns in the Last Year

In a landmark milestone for India’s green shipbuilding ambitions, Swan Defence and Heavy Industries Ltd (SDHI) has secured a Category 4 order* from Energy ONE Ltd for the Construction of four 92,500 DWT dual-fuel ammonia bulk carriers – the first of their kind in the country.

The vessels will be the first ammonia dual-fuel ships built in India and rank among the largest commercial ships ever constructed at an Indian shipyard. This achievement represents a significant leap forward in technological capability and scale for the domestic shipbuilding industry.

Each vessel will measure 229.5 metres in length with a beam of 37 metres and will feature an ammonia-fuelled propulsion system. The ships are being designed by South Korea’s KMS-EMEC and will be classed by Det Norske Veritas (DNV), one of the world’s leading classification societies.

The first vessel is expected to be delivered in October 2029, with subsequent deliveries scheduled at four-month intervals.

Please note - *Category 4 orders refer to shipbuilding contracts valued between Rs 1,501 crore and Rs 3,000 crore.

Vivek Merchant, Director of Swan Defence and Heavy Industries Limited (SDHI), said,

“Winning this project is an important step forward for us. It reflects the confidence global stakeholders are placing in Indian shipbuilding and in the capabilities we have developed at Pipavav. Ammonia as a marine fuel is still at an early stage, and we are proud to be part of this transition – building vessels that are not just relevant for today, but also aligned with where the industry is heading.”

About Swan Defence and Heavy Industries Ltd

Swan Defence and Heavy Industries Ltd (SDHI), formerly Reliance Naval and Engineering Limited, is a leading shipbuilding and heavy fabrication company in India. It is located on the west coast of India. The shipyard has the country’s largest dry dock and can fabricate 164,000 tons per year. SDHI focuses on innovation, excellence, safety, and sustainability.

Swan Defence and Heavy Industries Ltd

As of 12:50 on 07 April 2026, Swan Defence and Heavy Industries Ltd’s share price was trading at Rs 1,779.80. This is an increase of Rs 73.70, or 4.32 per cent, compared to the previous close of Rs 1,706.10. The stock opened at Rs 1,732.00 and reached a high of Rs 1,791.40 during the day, while the low was Rs 1,700.10. Year-to-date, the share has gained 22.11 per cent, and over the last year, it has surged by 1,772.79 per cent.

On a year-to-date basis, the stock has delivered a return of 22.11 per cent. While in the past year, it has delivered staggering 1,772.79 per cent returns.

Disclaimer: The article is for informational purposes only and not investment advice.