Announced Fri, 23 Jan, 2026 · 12:23 IST
Swan Defence wins India's first chemical tanker order worth USD 227 million
SWANDEF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Swan Defence has won an order worth USD 227 million (about Rs 2,080 crores) from European shipowner Rederiet Stenersen AS for six 18,000 DWT IMO Type II chemical tankers, marking India's first chemical tanker order. The contract includes an option for six more vessels, with the first delivery scheduled within 33 months.
Likely market impact
Major hard-currency export win strengthens order book and signals a turnaround from the Reliance Naval and Engineering era.