Reliance Acquires Nauyaan Tradings, Plans Major Stake in Shipyard Business

Mukesh Ambani-led Reliance Industries Ltd (RIL) has acquired a 100% stake in Nauyaan Tradings Private Limited (NTPL) through its subsidiary, Reliance Strategic Business Ventures Limited (RSBVL). The deal, completed with Welspun Tradings Limited, was valued at just ₹1 lakh. With this acquisition, NTPL is now a step-down subsidiary of RIL.

Reliance to Acquire 74% Stake in Nauyaan Shipyard

NTPL has also signed an agreement with Welspun Corp Limited (WCL) to purchase a 74% stake in Nauyaan Shipyard Private Limited (NSPL) for ₹382.73 crore. The deal, which accounts for adjustments related to expenses and net current assets, is expected to be finalised by March 21, 2025.

Shipyard Expansion and Strategic Location

NSPL, established in 2021, has an enterprise value of ₹643.78 crore, including ₹126.57 crore in debt and liabilities. Its total equity valuation stands at ₹517.21 crore, with a provision for repaying ₹93.66 crore to WCL.

The shipyard is located in Dahej, Gujarat, near Reliance’s manufacturing plant. It spans 138 acres of leased land and has rights to use nearby foreshore land. The facility will be used for:

• Salt handling and storage
• Brine preparation
• Engineering and fabrication of structures
• Manufacturing hydrogen electrolysers

NSPL had no revenue in its first 2 years but reported ₹7 lakh in revenue for FY24.

Reliance’s Growing Shipyard Business

Reliance has been strengthening its shipyard operations. In January, Swan Energy acquired Reliance Naval and Engineering Limited and rebranded it as Swan Defence and Heavy Industries Limited. The goal is to expand the shipyard’s production capacity, making India a leading global player in heavy fabrication for the naval, defence, and oil & gas sectors.

This latest acquisition aligns with Reliance’s strategy to expand its presence in manufacturing and infrastructure development.

About Reliance Industries Limited

Reliance Industries Limited is a multinational conglomerate based in Mumbai, Maharashtra, India. It operates across various sectors, including energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles.

As of March 21 at 10:53 AM IST, Reliance Industries share price stood at ₹1,280.00, up by ₹10.85 or 0.85% for the day. The stock opened at ₹1,275.00, reached a high of ₹1,280.55, and touched a low of ₹1,270.10.

Conclusion

This acquisition strengthens Reliance’s presence in shipbuilding and manufacturing, aligning with its long-term strategy to boost infrastructure and industrial capabilities.

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