Reliance Acquires 74% Stake in Nauyaan Shipyard for Rs 383 Crore {update}

What’s the Deal About?

RIL’s subsidiary, Reliance Strategic Business Ventures Limited (RSBVL), is executing this transaction. Initially, RSBVL acquired 100% of Nauyaan Tradings Private Limited (NTPL) from Welspun Tradings for a token amount of Rs 1 lakh. NTPL, incorporated on March 3, 2024, was yet to start operations. Following this, NTPL entered into an agreement to acquire a 74% stake in Nauyaan Shipyard from Welspun Corp for Rs 382.73 crore.

Why This Acquisition Matters

The land in Dahej, which Reliance now gains access to, was previously owned by ABG Shipyard, which went bankrupt. In January 2023, Welspun had acquired 165 acres, including 1,000 meters of waterfront and old ships, for Rs 659 crore. With this new deal, RIL plans to utilize the 138-acre plot for green energy projects. The company aims to develop facilities for salt storage, brine preparation, and hydrogen electrolyser manufacturing, strengthening its green hydrogen business.

Financial Snapshot

• Enterprise value of Nauyaan Shipyard: Rs 644 crore (including debt and equity)
• Debt and liabilities of NSPL: Rs 126.57 crore
• Equity valuation: Rs 517.21 crore
• NSPL’s repayment to Welspun Corp: Rs 93.66 crore

Reliance has been aggressively expanding its presence in renewable energy. In 2023, it launched Reliance New Energy, targeting the hydrogen electrolyser market. This acquisition aligns perfectly with its sustainability goals and long-term business strategy.

Market Impact & RIL Share Movement

Reliance Industries shares reacted positively to the news, closing 1.67% higher at Rs 1,268.55 on the BSE. Over the past week, the stock has gained 1.70%, while the last two weeks have seen a 5% rise. So far in 2025, RIL stock is up nearly 4%, reflecting strong investor confidence.

On Monday, a total of 14.5 lakh shares of RIL changed hands in a block deal, though details of the buyers and sellers remain undisclosed. In February, Tarish Investment and Trading Company had offloaded 5.7 lakh RIL shares at Rs 1,223.95 per share.

Looking Ahead

Reliance’s expansion into green hydrogen and sustainable energy continues to gain momentum. This acquisition not only strengthens its asset base but also aligns with its vision of a greener future. With a market capitalization of Rs 17.16 lakh crore, RIL remains a dominant force in India’s corporate landscape.

Stay tuned for more updates on Reliance’s strategic moves in the energy sector.