Swan Defence and Heavy Industries Limited has informed the Exchange regarding a press release dated September 24, 2025, titled "SDHI inks exclusive deal with Europe's offshore oil and gas vessel leader Royal IHC".
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Swan Defence and Heavy Industries (SDHI) has signed an exclusive Memorandum of Understanding with Royal IHC, Europe's leading offshore oil & gas vessel company, to design, build, and retrofit specialised vessels at SDHI's Pipavav shipyard in Gujarat. The partnership, joined by Alar Infrastructure (Royal IHC's Indian representative), will target Offshore Construction Vessels, Pipe Laying Vessels, and Multi-Purpose Offshore Support Vessels. SDHI brings India's largest dry dock (662m x 65m) and a fabrication capacity of 144,000 tonnes per annum, while Royal IHC contributes design, engineering, equipment, and project management expertise. The deal aligns with the government's Make in India and Atmanirbhar Bharat initiatives, positioning SDHI to serve both oil & gas and renewable energy markets globally.
This is a strategic tie-up rather than a confirmed order, so it has no immediate revenue impact but improves long-term growth visibility and credibility for SDHI in the global offshore vessel market. Positive sentiment catalyst for the stock, though investors should watch for conversion of the MoU into actual contracts.