Swan Defence: Stock hits 5% upper circuit after signing ₹4,250 Cr MoU with Gujarat Maritime BoardSwan Defence: Stock hits 5% upper circuit after signing ₹4,250 Cr MoU with Gujarat Maritime Board

Introduction

Leading Indian shipbuilder has signed a ₹4,250 crore MoU with Gujarat Maritime Board (GMB) to expand shipyard capacity, develop a maritime cluster, and establish a Centre of Excellence for maritime training and R&D.

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Share price movement of Swan Defence

On September 22, 2025, Swan Defence and Heavy Industries Ltd opened at ₹606.15, up 5.00% from its previous close of ₹577.30. The stock reached a high and low of ₹606.15. By 12:50 PM, it traded at ₹606.15, with a market cap of ₹3,193.33 crore.

SDHI and GMB Sign ₹4,250 Crore MoU

Swan Defence and Heavy Industries Limited (SDHI) signed a ₹4,250 crore MoU with Gujarat Maritime Board (GMB) to modernize shipyard infrastructure and expand India’s shipbuilding capacity at Pipavav Port.

The investment includes ₹3,500 crore for shipyard capacity expansion, adding slipways, jetties, cranes, block fabrication, and dredging. The upgrades will support vessels up to 400,000 DWT and meet global demand.

SDHI will also invest ₹200 crore in a Centre of Excellence to train over 1,000 youth annually and ₹550 crore for a 200-acre maritime cluster to boost ancillary industries.

Stock performance of Swan Defence for Period of 1 week, 1 month, and 6 months

Swan Defence and Heavy Industries Ltd delivered a 0.00% return over the past week. The stock gained 47.7% in the past month and 538% over the past six months.

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Shareholding pattern of Swan Defence

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	94.90%	94.90%	94.90%
FII	0.00%	0.00%	0.00%
DII	0.40%	0.40%	0.40%
Public	4.70%	4.70%	4.70%

About Swan Defence

Swan Defence and Heavy Industries Limited (NSE: SWANDEF), formerly Reliance Naval, is a leading Indian shipbuilding and heavy fabrication company, operating the largest dry dock and high-capacity fabrication, supporting maritime and industrial growth.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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