January 20, 2025
Swan Defence and Heavy Industries Limited (SDHI), formerly known as Reliance Naval and Engineering Limited, has officially resumed trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the script code 533107/SWANDEF. This marks a significant milestone in the company's revitalization efforts within India's maritime sector.
In January 2024, Swan Energy Limited acquired management control of SDHI, initiating a comprehensive strategy to rejuvenate the shipbuilding and heavy fabrication operations. A notable achievement in this revival is the expedited refit of the Indian Coast Guard's fast patrol vessel, Raj Ratan, completed ahead of schedule, underscoring SDHI's enhanced operational capabilities.
Looking ahead, SDHI is poised to commence shipbuilding operations at its state-of-the-art shipyard, aiming to solidify its position as a leading player in the global maritime industry.
The resumption of trading is anticipated to bolster investor confidence and attract new capital, supporting SDHI's strategic objectives and contributing to the growth of India's maritime economy.
Note: The information provided is based on publicly available sources as of January 20, 2025.
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