Swan Defence secures order from Danish towage operator for construction of four advanced tugs
Swan Defence and Heavy Industries Limited has secured a new order from Svitzer A/S, the Denmark-based towage operator, involving the construction of four advanced Transverse 3200 tugs. The contract win confirms the company's position in the marine manufacturing sector.The deal involves the delivery of four specialized tug vessels to Svitzer A/S. Swan Defence and Heavy Industries Limited confirmed that the contract does not fall under related party transactions, and neither the promoter nor any of the group companies have any interest in Svitzer A/S. The company, formerly known as Reliance Naval and Engineering Limited, is moving forward with the commitment.
The company provided details regarding its order classification structure for context:
| Order Classification | Category 1 | Category 2 | Category 3 | Category 4 | Category 5 |
|---|---|---|---|---|---|
| Classification | Category 1 | Category 2 | Category 3 | Category 4 | Category 5 |
| Order Value in Rs. Crore | 0 to 250 | 251 to 750 | 751 to 1500 | 1501 to 3000 | Above 3000 |
SWANDEF Stock Price Movement
Edging higher in live trading as of 11:12 AM, shares of Swan Defence and Heavy Industries Limited surged to ₹2600, climbing by 1.90% as the stock tests levels near its 52-week high. The equity has seen a volume of 3,438 shares traded so far today, confirming strong momentum in the Capital Goods sector.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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