Reliance Naval Renamed as Swan Defence & Heavy Industries
Previously, Swan Energy gained control of the management of Reliance Naval & Engineering after winning the bid in an insolvency resolution process.
Reliance Naval Renamed as Swan Defence & Heavy Industries
The name of Reliance Naval and Engineering Ltd has been changed to Swan Defence and Heavy Industries Ltd, according to a regulatory filing made on Thursday. The filing states, "The company's name has been changed from 'Reliance Naval and Engineering Ltd' to 'Swan Defence and Heavy Industries Ltd' effective January 2, 2025."
Previously, Swan Energy gained control of the management of Reliance Naval & Engineering after winning the bid in an insolvency resolution process.
Last year, Swan Energy Ltd acquired the Anil Ambani group company, Reliance Naval & Engineering (RNEL), intending to become a leading private player in the manufacturing of naval defense and oil and gas vessels. Additionally, the company aims to establish itself as a major player in green ship-breaking, ship repairing, and a key manufacturing hub in the Asia Pacific region."
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