BUZZ — India's Swan Defence and Heavy industries falls as Q2 EBITDA loss widens

* Shares of India's Swan Defence and Heavy Industries fall 2% to 2,870 rupees * Shipbuilding co says quarterly EBITDA loss widened to 170.2 million rupees ($1.79 million) from 79.7 million rupees a year ago * Co says investment in workforce expansion and rise in operational costs for project execution weighed on profitability * SWAE says second quarter revenue rose about 74% to 688.5 million rupees from 395.7 million rupees in the same quarter last year * Expects domestic demand for shipbuilding to rise over next 12 to 18 months driven by Indian government's support for commercial shipbuilding and defence programmes * YTD stock more than doubled, up 107.10% ($1 = 95.2550 Indian rupees) (Reporting by Anushka Rajvedi in Bengaluru) ((mailto: anushka.rajvedi@thomsonreuters.com)