Samsung Heavy Enters India via Swan Defence Tie-Up

03 Oct 2025 CW Team

Samsung Heavy Industries, the South Korean shipbuilder, on Monday announced its entry into India’s shipbuilding sector through a partnership with Swan Defence and Heavy Industries (SDHI) in Gujarat. The move strengthens its participation in India’s state-led push to expand domestic shipbuilding.

Under the agreement, the two companies will explore collaboration across a broad range of maritime projects, including engineering, procurement and management in shipbuilding. SDHI, India’s largest shipyard, accounts for 30 per cent of the country’s shipbuilding capacity and operates its largest dry dock, capable of constructing very large crude carriers and other facilities.

Samsung Heavy plans to gradually expand local operations, using SDHI’s shipyard as a base to tap India’s growing maritime logistics sector. According to Grand View Research, the Indian shipping industry is projected to grow at a compound annual rate of 6.4 per cent between 2025 and 2030.

“This collaboration blends technological expertise with strong market presence, making it a model partnership that delivers mutual benefits,” said Namgung Geum-sung, Vice President of Samsung Heavy Industries. “Samsung Heavy Industries will continue to seize new opportunities to drive growth in the future.”

India aims to become one of the world’s top five shipbuilding nations by 2047 and secure 1,000 commercial vessels within the next decade. The government has engaged Korean shipbuilders to produce ships locally and is introducing incentives. In its 2025 budget, it proposed a USD 3 billion Maritime Development Fund to support long-term financing for shipbuilding, repair and maritime infrastructure.

In December, senior officials from the Ministry of Ports, Shipping and Waterways visited leading Korean shipyards, including Samsung’s Geoje facility, to advance collaboration.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..