Swan Defence and Heavy Industries Limited has informed the Exchange regarding a press release dated October 28, 2025, titled "SDHI & MDL Sign Exclusive Teaming Agreement for Design and Construction of Landing Platform Docks (LPDs) for the Indian Navy".
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Swan Defence and Heavy Industries Limited (SDHI) has signed an exclusive teaming agreement with Mazagon Dock Shipbuilders Limited (MDL) to jointly design and construct Landing Platform Docks (LPDs) for the Indian Navy. LPDs are large amphibious warfare ships used to transport troops, vehicles, and equipment for naval operations. This press release, dated October 28, 2025, was shared with the exchange to publicly disclose the partnership. The exclusive nature of the agreement means SDHI and MDL will collaborate as the sole partners for this specific naval project, combining their shipbuilding capabilities. No contract value or delivery timelines have been mentioned in this particular disclosure.
This is a positive strategic development for SDHI, as it positions the company alongside a major defence PSU (MDL) for a high-value Indian Navy programme, potentially strengthening its order book visibility and credibility in the defence shipbuilding segment. Investors should watch for follow-up disclosures on contract value, timelines, and order confirmation.