Reliance Invests Rs.383 Crore in Nauyaan Shipyard – Here's What It Means

Reliance Industries Limited (RIL) has expanded its business by acquiring a 74% equity stake in Nauyaan Shipyard (NSPL) through its wholly-owned step-down subsidiary, Nauyaan Tradings (NTPL). The acquisition was completed for a total of Rs.382.73 crore from Welspun Corp.

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Nauyaan Shipyard Becomes Part of Reliance Group

With this acquisition, Nauyaan Shipyard has officially become a step-down subsidiary of Reliance Industries. Before the deal, NTPL had already provided an unsecured loan of Rs.93.66 crore to NSPL on an arms-length basis.

RIL mentioned in a statement that it is in the process of obtaining necessary approvals from authorities as per agreements between NSPL and regulatory bodies.

About Reliance Industries

Reliance Industries (RIL) is India's largest private sector company, engaged in multiple industries including petroleum refining, petrochemicals, advanced materials, renewables (solar and hydrogen), retail, and digital services.

RIL’s Recent Financial Performance

In the quarter ending December 31, 2024, RIL reported a 12% year-on-year growth in net profit, reaching a record Rs.21,930 crore. The company's revenue grew by 7.7% to Rs.267,186 crore, while EBITDA increased 7.8% to Rs.48,003 crore.

Stock Market Impact

Following the announcement, RIL's stock rose by 0.62%, closing at Rs.1,276.45 on the Bombay Stock Exchange (BSE) on Friday.

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