Latest news with #Wheel&Time
Time of India
30-04-2025
- Business
- Time of India
SDHI signs strategic MoU with Wheel & Time Shipping Transport Logistics
Swan Defence and Heavy Industries Ltd ( SDHI ) has signed a strategic MoU with Wheel & Time Shipping Transport Logistics to launch a Fabrication, Assembly, Storage, and Transportation (F.A.S.T.) logistics facility at its Pipavav shipyard in Gujarat. #Pahalgam Terrorist Attack A Chinese shadow falls on Pahalgam terror attack case probe How India can use water to pressure Pakistan Buzzkill: How India can dissolve the Pakistan problem, not just swat it The 600-acre site includes a 1.2 km waterfront, dry dock, robotic steel-cutting systems, and 1,600-tonne hydraulic presses, with a fabrication capacity of 10,000 tonnes per month. The facility handles the entire value chain on-site—from material import to shipment—reducing inland transport and vendor coordination. The partnership targets sectors such as port equipment, marine infrastructure , petrochemicals , offshore EPC , and oil & gas. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Actress Spills Hollywood Trick For Slim Body: "We All Do It" nutritiouslivingtips Learn More Undo Vivek Merchant, Director, SDHI, said, 'Newbuilds, ship repairs, and heavy fabrication are central to SDHI's growth plans. This partnership with Wheel & Time enhances our heavy engineering operations. The F.A.S.T. logistics ecosystem allows EPC contractors and heavy industry players to concentrate on innovation and last-mile delivery, while we manage the complexities from fabrication to transportation.' Gautamraj Sharma, MD, Wheel & Time, said, 'We believe our collaboration brings together the best of deep fabrication infrastructure and robust logistics know-how. The F.A.S.T. ecosystem will enable clients to de-risk projects and improve certainty across timelines, execution, and delivery.' Live Events
News18
30-04-2025
- Business
- News18
Swan Defence Shares Up 5% After Company Unveils Integrated Logistics Hub In Gujarat
Last Updated: Shares of Swan Defence rose 5% after signing an MoU with Wheel & Time Shipping. They launched India's first integrated F.A.S.T. logistics ecosystem in Pipavav, Gujarat. Shares of Swan Defence and Heavy Industries Limited (SDHI) gained 5 per cent on Wednesday, April 30, following a strategic Memorandum of Understanding (MoU) with Wheel & Time Shipping Transport Logistics, a specialist in moving heavy and oversized cargo. With the alliance, SDHI has launched India's first integrated F.A.S.T. (Fabrication, Assembly, Storage, and Transportation) commercial logistics ecosystem at its state-of-the-art shipyard in Pipavav, Gujarat. The scrip was trading at Rs 115.81 per share with a gain of 5 per cent at the time of writing this report. Earlier, it closed at Rs 110.30 apiece. The F.A.S.T. model offers an unmatched turnkey ecosystem for executing heavy engineering projects in India by bringing together SDHI's advanced fabrication and waterfront infrastructure and Wheel & Time's end-to-end heavy logistics capabilities. The partnership will benefit high-value, time-sensitive projects and will target clientele dealing with material handling equipment at ports, marine infrastructure, petrochemicals, offshore EPC, oil & gas infrastructure and heavy engineering. This one-of-a-kind model is designed to help companies to shorten project execution timelines, minimize handoffs, reduce overall project risks, and offer scalable solutions connected to global shipping networks. Vivek Merchant, Director, Swan Defence & Heavy Industries Limited (SDHI) described the alliance as an important step forward for India's engineering and logistics sectors. He stated, 'Newbuilds, ship repairs, and heavy fabrication are central to SDHI's growth plans. With strong capabilities in shipbuilding and repairs, this partnership with Wheel & Time Shipping Transport Logistics enhances our heavy engineering operations. Together, we can offer customers a more integrated, end-to-end solution. The F.A.S.T. logistics ecosystem allows EPC contractors and heavy industry players to concentrate on innovation and last-mile delivery, while we manage the complexities from fabrication to transportation." Spread over 600 acres with 1.2 kilometres of developed waterfront, SDHI has India's largest dry dock with a capacity to fabricate and assemble structures of 10,000 tonnes per month. The shipyard has advanced CNC (Computer Numerical Control) and robotic systems for cutting steel. It also has powerful hydraulic presses that can handle up to 1,600 tonnes for precise manufacturing. The facility also provides the capabilities to make large sections and offers specialized equipment for lifting of heavy items. From importing material to final shipment, every phase of the value chain is handled on-site, eliminating the need for inland transport and multiple vendor coordination. Through this alliance, Wheel & Time will arrange extensive fleet of heavy-lift equipment, including Self-Propelled Modular Transporters (SPMTs), Hydraulic trailers, and Marine Transport Vessels, enabling the seamless movement of over-dimensional/oversized cargo worldwide locations. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: April 30, 2025, 11:00 IST
