Reliance Industries Ltd (RIL), led by Mukesh Ambani, has announced that it has successfully acquired a complete 100% stake in Nauyaan Tradings Private Limited (NTPL) via its wholly owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL). The deal, which is worth just ₹1 lakh, was completed with Welspun Tradings Limited, a subsidiary of Welspun Corp Limited (WCL). Following this acquisition, NTPL is now a step-down wholly owned subsidiary of RIL.
Additionally, NTPL has signed a share purchase agreement with WCL to acquire a 74% stake in Nauyaan Shipyard Private Limited (NSPL) for ₹382.73 crore. The acquisition is projected to be finalized by March 21, 2025. This initiative is part of Reliance’s wider strategy to enhance its shipyard operations and solidify its position in the naval, defense, and energy sectors.
Key Highlights
Acquisition Details
- RIL acquired 100% stake in NTPL through Reliance Strategic Business Ventures Limited (RSBVL).
- The deal with Welspun Tradings Limited was valued at ₹1 lakh.
Shipyard Expansion – NSPL Stake Purchase
- NTPL is acquiring a 74% stake in NSPL for ₹382.73 crore.
- NSPL’s enterprise value stands at ₹643.78 crore, including ₹126.57 crore in debt and liabilities.
- The 100% equity valuation of NSPL is ₹517.21 crore, with ₹93.66 crore to be repaid to WCL.
- Completion expected by March 21, 2025.
NSPL and Dahej Shipyard Expansion
- NSPL is located in Dahej, Gujarat, with a leasehold interest in 138 acres of land near Reliance’s Dahej manufacturing plant.
The land will be used for,
- Salt handling and storage.
- Brine preparation.
- Engineering fabrication and manufacturing of hydrogen electrolysers.
Reliance’s Shipyard Expansion Strategy
In January 2025, Reliance Naval and Engineering Limited underwent a rebranding, becoming Swan Defence and Heavy Industries Limited after being acquired by Swan Energy Ltd. This acquisition is a key part of Reliance’s strategy to elevate India into the top five nations for heavy fabrication in the naval, defense, and oil & gas industries.
