12-Oct-2026 22:10:45
SWAN DEFENCE Q2 : MAJOR GOVERNMENT INCENTIVES AND ₹1,150 CR FINANCING SUPPORT
• Gujarat Shipbuilding Policy 2026: Company highlights financial assistance of 8–10% of contract price, capped at ₹50 crore, in addition to central government subsidies. • MSME Procurement: Additional 5% subsidy on eligible goods and services procured from Gujarat-registered MSMEs. • Skill Development: Up to 60% financial assistance for eligible training centres and shipbuilding R&D infrastructure, subject to specified limits. • NaBFID Financing: ₹1,150 crore term loan to support the company's next phase of operational expansion. • Interest Rate: Initial borrowing rate of 8.85%, with 3% central government interest support bringing the indicated effective rate to 5.85%. • Brownfield Expansion: Company has received in-principle approval for expansion involving a 600-tonne Goliath Crane and a 40-tonne ELL Crane. • Capital Subsidy: Eligible brownfield expansion and modernisation projects can receive assistance equivalent to 25% of approved project costs. • Additional Interest Incentive: 3% interest support on eligible expansion financing, potentially improving project returns and reducing financing costs.
SWAN DEFENCE AND HEAVY INDUSTR