SDHI Secures Landmark Rs 2,080 Crore Shipbuilding Contract from European Firm

• Swan Defence and Heavy Industries Limited (SDHI) has secured a $227 million (Rs 2,080 crore) contract from Europe-based Rederiet Stenersen AS.
• The order is for the manufacture and supply of six 18,000 DWT IMO Type II chemical tankers from SDHI's Pipavav shipyard in Gujarat.
• This marks one of India's largest single commercial shipbuilding orders and the first chemical tanker order for an Indian shipyard.
• The contract includes an option for six additional vessels, with the first delivery expected within 33 months.
• The agreement highlights global confidence in India's shipbuilding capabilities and the impact of progressive maritime policies like the Shipbuilding Financial Assistance (SFA) scheme.

Why It Matters: SDHI's Rs 2,080 crore contract signifies a major boost for India's commercial shipbuilding industry.