Swan Defence and Heavy Industries Limited has informed the Exchange regarding a press release dated August 04, 2025, titled "SDHI and Varex Imaging Corporation sign agreement to manufacture Cargo and Vehicle Inspection Systems in India".
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Swan Defence and Heavy Industries (SDHI) has signed an agreement with US-based Varex Imaging Corporation, a global leader in linear accelerators and imaging technology, to manufacture cargo and vehicle inspection systems in India. Under this partnership, SDHI will exclusively manufacture Varex's high-energy imaging systems at its Pipavav, Gujarat facility. The systems are designed to inspect all types of cargo at land and sea ports, addressing growing demand from Indian security agencies. The collaboration also supports the government's Make in India initiative by enabling local production of world-class security imaging solutions. SDHI, formerly known as Reliance Naval and Engineering Limited, operates India's largest dry dock (662m x 65m) and has a fabrication capacity of 144,000 tons per annum.
This exclusive manufacturing partnership marks SDHI's entry into defence and homeland security equipment, diversifying revenue beyond its core shipbuilding business. For shareholders, it signals new growth avenues tied to government security spending and import substitution, though commercial scale and financial impact remain to be seen.