Swan Defence and Heavy Industries: A New Chapter Begins

Reliance Naval and Engineering Ltd has been renamed Swan Defence and Heavy Industries Ltd, effective January 2, 2025. This change follows Swan Energy's assumption of control after a successful insolvency bid, marking a new phase for the company's operations and strategic direction.

Reliance Naval and Engineering Ltd, a significant player in the defense sector, has undergone a name change. The company will now be known as Swan Defence and Heavy Industries Ltd, as indicated in a recent regulatory filing.

The name change took effect on January 2, 2025, and marks a pivotal moment for the company following a successful takeover by Swan Energy. This shift was part of an insolvency resolution process where Swan Energy emerged as the winning bidder.

This development signifies not only a rebranding effort but also the beginning of a new era in management and strategic focus for the now-renamed Swan Defence and Heavy Industries Ltd.

(With inputs from agencies.)