Swan Defence, GRSE Sign Shipbuilding Pact
PORTS & SHIPPING

Swan Defence, GRSE Sign Shipbuilding Pact

In a major step toward strengthening India's indigenous shipbuilding ecosystem, Swan Defence and Heavy Industries Limited (SDHI) has signed a strategic Memorandum of Understanding (MoU) with Garden Reach Shipbuilders & Engineers Limited (GRSE). The MoU, formalized on April 7, 2025, at GRSE Bhavan, is aimed at jointly advancing commercial shipbuilding and offshore infrastructure for both domestic and global markets.

The collaboration will allow SDHI and GRSE to combine their strengths in design, infrastructure, and project execution to create a scalable and cost-effective model for commercial vessel construction. The agreement aligns with the Government of India’s Atmanirbhar Bharat initiative, focusing on self-reliance in strategic industrial sectors.

“This partnership paves the way for co-development of standard vessel platforms, coordinated project management, and sharing of shipbuilding infrastructure to reduce costs and turnaround times,” said an official spokesperson from SDHI.

The MoU also envisions development of a strong vendor base and supply chain ecosystem through shared sourcing and procurement strategies. An emphasis will be placed on skilling manpower, with the aim of supporting long-term growth in India’s maritime sector.

Additionally, the collaboration spans vessel trials, ship repairs, and infrastructure upgrades—laying the foundation for a sustainable and future-ready industrial model that drives economic growth and employment generation.

Swan Defence and Heavy Industries Limited—formerly Reliance Naval and Engineering Ltd—is India’s largest private shipbuilding and heavy fabrication company. Strategically located on the west coast, SDHI operates a state-of-the-art shipyard with a 662m x 65m dry dock and a fabrication capacity of 1,44,000 tons annually. The firm continues to play a pivotal role in India’s growing maritime economy and defence manufacturing landscape.

The partnership marks a key milestone in transforming India into a global shipbuilding hub.

In a major step toward strengthening India's indigenous shipbuilding ecosystem, Swan Defence and Heavy Industries Limited (SDHI) has signed a strategic Memorandum of Understanding (MoU) with Garden Reach Shipbuilders & Engineers Limited (GRSE). The MoU, formalized on April 7, 2025, at GRSE Bhavan, is aimed at jointly advancing commercial shipbuilding and offshore infrastructure for both domestic and global markets. The collaboration will allow SDHI and GRSE to combine their strengths in design, infrastructure, and project execution to create a scalable and cost-effective model for commercial vessel construction. The agreement aligns with the Government of India’s Atmanirbhar Bharat initiative, focusing on self-reliance in strategic industrial sectors. “This partnership paves the way for co-development of standard vessel platforms, coordinated project management, and sharing of shipbuilding infrastructure to reduce costs and turnaround times,” said an official spokesperson from SDHI. The MoU also envisions development of a strong vendor base and supply chain ecosystem through shared sourcing and procurement strategies. An emphasis will be placed on skilling manpower, with the aim of supporting long-term growth in India’s maritime sector. Additionally, the collaboration spans vessel trials, ship repairs, and infrastructure upgrades—laying the foundation for a sustainable and future-ready industrial model that drives economic growth and employment generation. Swan Defence and Heavy Industries Limited—formerly Reliance Naval and Engineering Ltd—is India’s largest private shipbuilding and heavy fabrication company. Strategically located on the west coast, SDHI operates a state-of-the-art shipyard with a 662m x 65m dry dock and a fabrication capacity of 1,44,000 tons annually. The firm continues to play a pivotal role in India’s growing maritime economy and defence manufacturing landscape. The partnership marks a key milestone in transforming India into a global shipbuilding hub.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement