Reliance Industries acquires additional 9.9% stake in Nauyaan Shipyard for ₹54.70 Crore
MUMBAI : Reliance Industries Limited has expanded its maritime sector presence through its subsidiary’s acquisition of an additional stake in Nauyaan Shipyard Private Limited. The transaction, completed on July 23, 2025, represents a strategic move to strengthen the conglomerate’s shipbuilding capabilities.
Reliance Subsidiary Acquires Additional Nauyaan Shipyard Stake
Nauyaan Tradings Private Limited (NTPL), a step-down wholly owned subsidiary of Reliance Industries, acquired a further 9.9% equity stake in Nauyaan Shipyard Private Limited (NSPL) from Welspun Corp Limited. The transaction was completed for an aggregate consideration of ₹54.70 crore, subject to adjustments for expenses and net current assets.
Following this acquisition, Reliance Industries strengthened its position in Nauyaan Shipyard, which is currently an 84% step-down subsidiary of the oil to telecom conglomerate.
Transaction Structure and Regulatory Compliance
The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Reliance Industries received intimation from NTPL on July 23, 2025, at 4:48 p.m. (IST) regarding the completion of this transaction.
The company clarified that this transaction is not a related party transaction, and none of Reliance’s promoter, promoter group, or other group companies have any interest in the above transaction.
Furthermore, the exchange filing detailed that Reliance Industries’ subsidiary company has bought the additional stake from Welspun Corp. The additional stake purchase in Nauyaan Shipyard takes the total shareholding of Reliance Industries group to 93.9 per cent, as the group already has an 84 per cent shareholding in the company.
Strategic importance of Nuayaan Shipyard for RIL
Incorporated in July 2021, Nuayaan Shipyard has an enterprise value of Rs 643 crore. Located in Dahej, Gujarat, Nuayaan Shipyard has 138 acres of land under lease situated near the manufacturing plant of Reliance Industries. The acquisition of Nuayaan Shipyard by Reliance Group gives the company the right to use the land for company operations.
As Reliance Industries is looking to expand its shipyard operations, the acquisition of Nuayaan Shipyard is going to have strategic importance for the company. Reliance Industries has already rebranded Reliance Naval and Engineering Ltd to Swan Defence and Heavy Industries, with a goal to become one of the top 5 companies in heavy fabrication in naval and defence.
RIL is looking to utilise the 138 acres of land under Nuayaan Shipyard for hydrogen electrolyser manufacturing, brine preparation, storage, and engineering fabrication.