Swan Defence wins India’s first chemical tanker order worth $227 MnSwan Defence wins India’s first chemical tanker order worth $227 Mn

Introduction

Leading Indian shipyard secured a USD 227 million contract to build six 18,000 DWT chemical tankers, with option for six additional vessels, featuring LNG-ready hybrid propulsion.

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SDHI Secures India’s First Chemical Tanker Order

Swan Defence and Heavy Industries Limited (SDHI) [formerly known as Reliance Naval and Engineering Limited] won a USD 227 million contract to build six 18,000 DWT IMO Type II chemical tankers for a European shipowner.

The contract includes an option for six additional vessels. The first tanker is scheduled for delivery within 33 months from SDHI’s Pipavav shipyard in Gujarat.

Each tanker will measure 150 metres in length and 23 metres in beam. The vessels will have dual-fuel LNG-ready hybrid propulsion, advanced automation, and Ice Class 1A certification.

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

Swan Defence and Heavy Industries Limited delivered a -5.00% return over the past week, gained 471% in the past 6 months, and rose 4,103% over the past 1 year.

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Shareholding pattern of Swan Defence

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	94.90%	94.90%	94.90%
FII	0.00%	0.00%	0.00%
DII	0.40%	0.40%	0.40%
Public	4.70%	5%	4.70%

About Swan Defence

Swan Defence and Heavy Industries Limited (NSE: SWANDEF) is a leading Indian shipbuilding and heavy fabrication company with India’s largest dry dock and 164,000-tonne annual fabrication capacity.

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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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