India's Swan Defence and Heavy Industries up on order win

Swan Defence and Heavy Industries

08/04/2026 07:59

** Shares of India's Swan Defence and Heavy Industries SWAE.NS rise 2.45% to 1820 rupees

** Co received order from Energy ONE Limited worth between 15.01 billion rupees ($162.21 million) and 30 billion rupees($324.21 million)

** Order for construction of four 92,500 DWT dual-fuel ammonia bulk carriers with first vessel expected to be delivered in October 2029

** Co says carriers among largest commercial vessels ever to be built at an Indian shipyard

** YTD stock up ~28%

($1 = 92.5325 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))