Reliance Industries acquires additional 10% stake in Nauyaan Shipyard for ₹51.72 crore – CNBC TV18

Reliance Industries Ltd (RIL) is strengthening its foothold in the shipbuilding industry with a fresh investment. The company has acquired an additional 10% equity stake in Nauyaan Shipyard Private Ltd (NSPL), furthering its commitment to the sector. The stake was purchased by Nauyaan Tradings Private Ltd (NTPL), a step-down wholly owned subsidiary of Reliance, for ₹51.72 crore from Welspun Corp Ltd.

In a regulatory filing, Reliance stated: “Nauyaan Tradings Private Limited (NTPL), a step-down wholly owned subsidiary of the Company has informed the Company that it has today completed the acquisition of further 10% equity stake in Nauyaan Shipyard Private Limited (NSPL), a step-down subsidiary of the Company for an aggregate consideration of ₹51.72 crore from Welspun Corp Limited.”

This latest move builds on Reliance’s existing investment in NSPL and signals the conglomerate’s broader strategy of diversifying its business portfolio. The company confirmed the completion of the transaction in filings with both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) earlier today.

Commenting on the development, Savithri Parekh, Company Secretary and Compliance Officer at Reliance Industries Ltd, said: “The acquisition of this additional stake in Nauyaan Shipyard demonstrates Reliance’s ongoing confidence in the growth potential of the shipbuilding industry.”