Shipbuilding & heavy fabrication company receives order of Rs 2,080 crore from Rederiet Stenersen AS

Defence-and-heavy-industries-ltd-210595">Swan Defence and Heavy Industries Limited (SDHI) has secured a significant international contract valued at approximately USD 227 million (Rs 2,080 crore) from the European shIPOwner Rederiet Stenersen AS. This order entails the Construction of six 18,000 DWT IMO Type II chemical tankers, with the first vessel slated for delivery within 33 months and subsequent units following at regular intervals. Notably, the agreement includes an option for six additional vessels, potentially doubling the scope of the project. This partnership marks a major milestone for SDHI in the global maritime market, emphasising its capacity to execute complex, high-value orders for international entities.

About Swan Defence and Heavy Industries Limited

Swan Defence and Heavy Industries Limited (SDHI), formerly known as Reliance Naval and Engineering Limited, is a leading shipbuilding and heavy fabrication company in India. Strategically located on the west coast of India, the shipyard operates the country’s largest dry dock (662m x 65m) and has an impressive fabrication capacity of 1,44,000 tons per annum – providing an unmatched advantage in fulfilling India’s maritime and industrial ambitions. SDHI is committed to innovation, excellence, safety and sustainability.

On Monday, January 19, 2026, Swan Defence and Heavy Industries Ltd experienced a sharp decline on the BSE, hitting a 5% Lower Circuit at Rs 1,764.80, down from the previous close of Rs 1,857.65. Despite this recent dip, the company maintains a market capitalisation of Rs 9,297 crore and continues to showcase extraordinary long-term growth. Remarkably, the stock has delivered multibagger returns of 4,800 per cent from its 52-week low of Rs 35.99, currently trading within the range of its 52-week high of Rs 2,051.55.

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