Swan Defence and Heavy Industries signs manufacturing deal with US-based Varex Imaging
Published on 04/08/2025 03:39 PM
Swan Defence and Heavy Industries signs manufacturing deal with US-based Varex ImagingThe company's shares were trading 5% higher as of 3 pm IST on the BSE. Year-to-date, the stock price has soared 793.3% on the back of its strong performance in the defence and aerospace sector.By Poonam Behura August 4, 2025, 3:39:02 PM IST (Updated)1 Min Read(Photo Credit : REUTERS/Amit Dave)Swan Defence and Heavy Industries Ltd (SDHI) said on Monday it has signed an agreement with US-based Varex Imaging Corp to manufacture cargo and vehicle inspection systems in India.
Under the deal, Swan Defence will exclusively produce Varex’s high-energy imaging systems at its Pipavav facility in Gujarat, the company said in a statement. These systems are used to inspect cargo at land and sea ports and are aimed at bolstering security infrastructure across India.
The partnership supports the Indian government’s Make in India programme and is expected to cater to rising demand from domestic security agencies, the company added.
Swan Defence and Heavy Industries, formerly Reliance Naval and Engineering Limited, is a leading Indian company in shipbuilding and heavy fabrication.
It operates one of the country’s largest dry docks (662m x 65m) and has a fabrication capacity of 144,000 tonnes per annum.
Varex Imaging, based in Salt Lake City, Utah, is a global provider of X-ray imaging components and systems, including linear accelerators.
The company's shares were trading 5% higher as of 3 pm IST on the BSE. Year-to-date, the stock price has soared 793.3% on the back of its strong performance in the defence and aerospace sector.Continue ReadingFirst Published: Aug 4, 2025 3:15 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market today