Swan Defence and Heavy Industries Limited has informed the Exchange regarding a press release dated April 29, 2025, titled "SDHI, Wheel & Time Sign MoU to Launch India s First Integrated F.A.S.T. Logistics Ecosystem for Heavy Fabrication".
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Swan Defence and Heavy Industries (SDHI) has signed a Memorandum of Understanding (MoU) with Wheel & Time to launch what is claimed to be India's first integrated F.A.S.T. Logistics Ecosystem for heavy fabrication work. The partnership aims to bring fabrication, assembly, storage, and transportation services together under one streamlined system. SDHI is best known for shipbuilding and heavy engineering, while Wheel & Time operates in the logistics and infrastructure space. The announcement was shared with the stock exchanges via a press release dated April 29, 2025. At this stage, the companies have only signed an MoU, which typically signals intent rather than a binding commercial agreement.
This is a strategic intent announcement and not a confirmed business order, so near-term stock impact may be limited. However, if executed, it could help SDHI tap new heavy-fabrication logistics revenue and strengthen its order book visibility over time.