SDHI Secures India's First Ammonia Dual-Fuel Bulk Carrier Order Worth ₹1501-3000 Crore
Swan Defence and Heavy Industries Limited (SDHI) has received a Category 4 order from Energy ONE Limited to build four 92,500 DWT ammonia dual-fuel bulk carriers. This contract is valued between ₹1501 to ₹3000 crore. The first vessel is slated for delivery in October 2029.
The order is for a substantial number of vessels, represents a technological first for India, and is classified under Category 4, indicating a high value.
The company has secured a significant new order for building advanced, eco-friendly vessels, which is a positive development for its business and India's shipbuilding industry.
Swan Defence and Heavy Industries Limited (SDHI) has secured a significant shipbuilding contract from Energy ONE Limited for the construction of four 92,500 DWT dual-fuel ammonia bulk carriers. This marks a pioneering achievement for India, as these will be the first ammonia dual-fuel ships built in the country and among the largest commercial vessels ever constructed at an Indian shipyard.
The vessels, measuring 229.5m in length with a beam of 37m, will feature ammonia-fuelled propulsion systems. They are designed by KMS-EMEC, South Korea, and will be classed by Det Norske Veritas (DNV).
Vivek Merchant, Director, SDHI, expressed optimism about the contract, highlighting the growing global confidence in Indian shipbuilding capabilities. He emphasized SDHI's commitment to transitioning towards ammonia as a marine fuel, aligning with the industry's future direction.
The delivery of the first vessel is scheduled for October 2029, with subsequent deliveries to follow at four-month intervals. Energy ONE Limited, acting as General Partner for New Energy One (NEO), is an investment fund focused on green assets with a total capital investment program of USD 2 billion in zero-emission ships.
What to do with a filing like this
Swan Defence and Heavy Industries Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Swan Defence and Heavy Industries Limited. Read the original for the full detail.