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

Image Source: Times of India

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:

Welspun Corp Ltd has divested 9.9% stake in Nauyaan Shipyard Private Limited (NSPL) to Nauyaan Tradings (Reliance entity) for ₹54.70 crore, leaving Welspun with a 6.1% holding in NSPL.
Nauyaan Tradings Pvt Ltd is a wholly owned step-down subsidiary of Reliance, enabling Reliance Industries to incrementally increase its stake in NSPL through this transaction.
This transaction is part of a broader deal in which Reliance, through its subsidiaries, is set to hold up to 84% in NSPL, following earlier agreements to purchase majority stakes for over ₹382 crore.
The acquisition gives Reliance access to NSPL’s 138-acre Dahej facility in Gujarat, aligning with its expansion strategy in green energy and shipyard operations.
The shipyard’s turnover for FY2024–25 was ₹16.44 crore, with a profit before tax of ₹8.50 crore, signaling robust operational performance.

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