Swan Defence Partners with Mazagon Dock for Indian Navy’s Amphibious Warships

India’s shipbuilding sector witnessed a key development during the India Maritime Week 2025 in Mumbai as Swan Defence and Heavy Industries Ltd (SDHI) announced an exclusive Teaming Agreement (TA) with Mazagon Dock Shipbuilders Ltd (MDL). 

This collaboration aims to design and construct Landing Platform Docks (LPDs) for the Indian Navy, marking an important step towards advancing indigenous shipbuilding capabilities.

Collaboration for the Indian Navy’s LPD Programme

The partnership between SDHI and MDL focuses on delivering LPDs that will enhance the Indian Navy’s ability to project maritime power, conduct amphibious operations, and support humanitarian assistance and disaster relief (HADR) missions. 

The agreement follows the Defence Acquisition Council’s (DAC) recent approval for the procurement of these vessels, underlining the strategic importance of strengthening India’s naval infrastructure.

Under the agreement, MDL will contribute its extensive experience in ship design, project management, and system integration. Meanwhile, SDHI will provide its advanced shipbuilding infrastructure, considered among the largest in the country, for the construction of these complex vessels.

Public–Private Partnership in Indian Shipbuilding

This collaboration represents the growing synergy between the public and private sectors in defence manufacturing. By combining MDL’s proven track record as a leading public sector shipyard with SDHI’s operational flexibility and infrastructure strength, the partnership aims to deliver quality vessels efficiently and cost-effectively.

The Teaming Agreement also reflects the Government of India’s Public–Private Partnership (PPP) approach in strategic sectors. The model is expected to streamline the build process, reduce production time, and maintain high-quality standards, supporting India’s goal of self-reliance in defence manufacturing.

Leaders’ Perspectives on the Partnership

Commenting on the collaboration, Vivek Merchant, Director of Swan Defence and Heavy Industries Ltd, said that the partnership with MDL is a milestone that will contribute to India’s maritime capability by developing advanced, competitive platforms for the Navy.

Captain Jagmohan, Chairman and Managing Director of Mazagon Dock Shipbuilders Ltd, added that this collaboration marks a significant phase for India’s shipbuilding ecosystem, ensuring that world-class LPDs are designed and built domestically.

Mazagon Dock Shipbuilders Share Price Update

As of October 29, 2025, 10:21 AM, Mazagon Dock Shipbuilders share price was ₹2,771, down 0.35% from the previous session. The company holds a market capitalisation of ₹1,11,777 crore, with a 52-week high of ₹3,778 and a low of ₹1,918. 

Its book value stands at ₹221, while ROCE and ROE are 43.2% and 34.0% respectively. The stock carries a P/E ratio of 47.9, a face value of ₹5, and offers a dividend yield of 0.63%.

Read More:Mazagon Dock Signs Exclusive MoU with France's Naval Group to Jointly Offer Evolved Scorpene-Class Submarines

Conclusion

The partnership between Swan Defence and Heavy Industries Ltd (SDHI) and Mazagon Dock Shipbuilders Ltd (MDL) highlights India’s growing capabilities in shipbuilding and aligns with the nation’s focus on strengthening maritime infrastructure through collaborative and indigenous efforts.

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