Swan Defence jumps on securing contract to construct four advanced TRAnsverse 3200 tugs
Swan Defence and Heavy Industries is currently trading at Rs. 2581.00, up by 42.60 points or 1.68% from its previous closing of Rs. 2538.40 on the BSE.
The scrip opened at Rs. 2589.00 and has touched a high and low of Rs. 2665.00 and Rs. 2570.00 respectively. So far 552 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,665.00 on 06-Aug-2026 and a 52 week low of Rs. 372.35 on 11-Aug-2025.
Last one week high and low of the scrip stood at Rs. 2,665.00 and Rs. 2,424.25 respectively. The current market cap of the company is Rs. 13697.36 crore.
The promoters holding in the company stood at 89.90% while Institutions and Non-Institutions held 2.61 % and 7.49 % respectively.
Swan Defence and Heavy Industries (SDHI) has secured a contract from Denmark-based towage operator Svitzer A/S to construct four advanced TRAnsverse 3200 tugs. Deliveries for the order are scheduled to commence in early 2028. The contract follows an extensive competitive evaluation of leading global shipyards. The high specification vessels will be constructed to Bureau Veritas class.
Co-developed by naval architects Robert Allan and Svitzer, the patented TRAnsverse 3200 design is engineered for complex harbour towage and escort operations. Featuring a unique hydrodynamic hull design and omni-directional propulsion, the vessels are capable of safely guiding large ships through severe weather and restricted port channels. Delivering an 80-tonne bollard pull, the TRAnsverse design is up to 15% more fuel efficient than conventional tug designs, directly supporting global maritime decarbonization goals.
The Transverse 3200 tugs will be biofuel, IMO Tier III emissions standards, and FiFi1 firefighting class ready, reflecting the vessels' capability for reduced environmental impact and enhanced fire-response readiness in port and terminal operations. Copenhagen-headquartered Svitzer operates a fleet of over 500 vessels worldwide. This order is a part of Svitzer's long-term fleet renewal programme, aimed at deploying next-generation, high-efficiency vessels to optimize port and terminal operations globally. The vessels will be built at SDHI’s yard in Pipavav, Gujarat, adjacent to the port where Svitzer also has a harbour towage operation.
