Reliance Anchors Deeper in Blue Economy with Nauyaan Shipyard Stake from Welspun

In a significant move amplifying the transformation of India’s shipyard industry, Welspun Corp Ltd has sold a further 9.9% equity stake in Nauyaan Shipyard Private Limited (NSPL) to Nauyaan Tradings Private Limited, a wholly owned step-down subsidiary of Reliance Industries Ltd. The deal, valued at ₹54.70 crore, marks the latest in a string of strategic maneuvers by both conglomerates as Reliance cements its influence in the shipbuilding space.

 

Key Highlights:

Industry Impact:

This series of transactions signals aggressive moves by both groups: Welspun continues to monetize assets, while Reliance consolidates a critical manufacturing hub for its future ambitions in maritime, energy, and hydrogen globally.

 

Source:

Reuters, NSE (Welspun Corp Official Filing), Business Standard