Swan Defence and Heavy Industries Limited has informed the Exchange regarding a press release dated September 30, 2025, titled "SDHI and Samsung Heavy Industries sign strategic MoU to advance shipbuilding & maritime projects".
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Swan Defence and Heavy Industries (SDHI), formerly known as Reliance Naval and Engineering, signed a strategic Memorandum of Understanding (MoU) with Samsung Heavy Industries on September 30, 2025. The two companies will jointly explore commercial shipbuilding and heavy engineering projects in both Indian and international markets, covering tankers, gas carriers, container ships, and specialized vessels. The partnership will also focus on next-generation vessel designs, green technologies, digital shipbuilding, value engineering, and localizing material sourcing. SDHI operates India's largest dry dock (662m x 65m) with a 400,000 DWT capacity and 144,000 tonnes annual steel fabrication capacity, giving it strong infrastructure to support this collaboration.
This is a non-binding MoU, so there is no immediate financial impact, but it positions SDHI alongside a global shipbuilding leader, potentially opening access to advanced technology, international projects, and larger commercial vessel orders — a positive long-term strategic signal for shareholders.