Swan Defence Share Price Hits 5% Upper Circuit Following Agreement with Varex Imaging

Swan Defence and Heavy Industries Limited (SDHI), formerly Reliance Naval and Engineering, share price surged and hit an upper circuit after announcing a significant strategic collaboration with a global imaging technology leader, marking a new phase in SDHI’s expansion in the high-tech manufacturing domain.

Varex Imaging Ties Up With Swan Defence

Varex Imaging Corporation, headquartered in Salt Lake City, Utah, USA, is a global leader in linear accelerators and imaging technology. Known for its innovation and dependability, Varex has chosen SDHI as its exclusive manufacturing partner in India for its high-energy imaging systems.

Exclusive Manufacturing At Pipavav Facility

Under the agreement, Swan Defence will manufacture Varex’s high-energy imaging systems exclusively at its state-of-the-art facility located in Pipavav, Gujarat. These systems will be used for inspection of cargo and vehicles, helping improve port and border security across the country.

Boost To Make In India Initiative

This collaboration directly supports the Make in India programme, encouraging indigenous manufacturing while also offering world-class solutions. It strengthens India’s capabilities in critical inspection infrastructure and aligns with national interests in improving port and cargo security.

Swan Defence’s Manufacturing Capacity A Key Enabler

SDHI’s shipyard is among the largest in India, featuring a 662-metre-long dry dock and an annual fabrication capacity of 1,44,000 tonnes. This unmatched scale enables the company to take on large-scale production of inspection systems alongside its ongoing shipbuilding and heavy fabrication projects.

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Swan Defence Share Price Performance 

On August 4, 2025, Swan Defence share price rallied 5% to hit an upper circuit and closed at ₹337.65. 

Conclusion 

The collaboration between Swan Defence and Varex Imaging marks a significant development in India’s defence and inspection technology space. It highlights the growing emphasis on indigenous manufacturing and advanced security infrastructure.

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