Swan Defence Share Price in Focus; Secures India's First Ammonia Dual-Fuel Bulk Carrier Order

Swan Defence and Heavy Industries Limited (SDHI) has achieved a significant milestone by securing a contract to build 4 ammonia dual-fuel bulk carriers. This development marks a first for India, showcasing the country's growing capabilities in green shipbuilding. 

SDHI's Landmark Contract with Energy ONE Limited 

On April 7, 2026, SDHI announced its contract with Energy ONE Limited to construct 4 bulk carriers, each with a deadweight tonnage (DWT) of 92,500.  

These vessels will be the first ammonia dual-fuel ships built in India, representing a major advancement in the nation's shipbuilding industry.  

The contract is classified as a Category 4 order, valued between ₹1,501 crore and ₹3,000 crore. The vessels, measuring 229.5 metres in length and 37 metres in beam, will feature ammonia-fuelled propulsion systems.  

Designed by KMS-EMEC of South Korea and classed by Det Norske Veritas (DNV), these ships align with global efforts to reduce emissions in maritime transport. 

Significance of Ammonia as a Marine Fuel 

Ammonia is gaining attention as a viable marine fuel due to its potential to lower greenhouse gas emissions.  

SDHI's involvement in this project highlights its commitment to innovation and sustainability in shipbuilding.  

The first vessel is slated for delivery in October 2029, with subsequent deliveries every 4 months. 

Energy ONE Limited's Role in Green Shipping 

Energy ONE Limited, a General Partner for New Energy One (NEO), is at the forefront of investing in green assets.  

NEO's $2 billion capital investment programme aims to facilitate the transition to zero-emission ships, helping industrial users reduce their greenhouse gas emissions.  

NEO has partnered with Sagarmala Finance Corp Ltd for the Maritime Development Fund to co-invest in green shipping projects. 

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About Swan Defence and Heavy Industries Limited 

Formerly known as Reliance Naval and Engineering Limited, SDHI is a leading shipbuilding and heavy fabrication company in India.  

Located on the west coast, the shipyard boasts the country's largest dry dock and a fabrication capacity of 1,64,000 tons per annum.  

SDHI is dedicated to excellence, safety, and sustainability in fulfilling India's maritime ambitions. 

Swan Defence and Heavy Industries Share Price Performance 

As of April 06, 2026, at 3:30 PM, Swan Defence and Heavy Industries share price on NSE was closed at ₹1,706.10 up by 4.95% from the previous closing price. 

Conclusion 

Swan Defence's contract to build India's first ammonia dual-fuel bulk carriers signifies a pivotal moment in the nation's shipbuilding sector. This project not only enhances SDHI's reputation but also positions India as a key player in the global transition towards sustainable maritime solutions. 

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