Reliance Acquires Nauyaan Tradings, Expands Shipyard Operations

Mukesh Ambani-led Reliance Industries Ltd (RIL) has announced the acquisition of a 100% stake in Nauyaan Tradings Private Limited (NTPL) through its wholly owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL). The transaction, valued at just ₹1 lakh, was completed with Welspun Tradings Limited, a subsidiary of Welspun Corp Limited (WCL). With this acquisition, NTPL has become a step-down wholly owned subsidiary of RIL.

Furthermore, 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 of NSPL is expected to be completed by March 21, 2025. This move is part of Reliance’s broader strategy to expand its shipyard operations and strengthen its presence 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 was rebranded as Swan Defence and Heavy Industries Limited after being acquired by Swan Energy Ltd.
• The acquisition is part of Reliance’s plan to position India among the top five countries for heavy fabrication in naval, defense, and oil & gas sectors.