Reliance Industries Limited (RIL) has finalized the purchase of a 74% share in Nauyaan Shipyard Private Limited (NSPL) for ₹382.73 crore. The strategic acquisition, which was declared on March 21, 2025, comes after RIL's latest purchase of Nauyaan Tradings Private Limited (NTPL) for ₹1 lakh.
Major highlights:
RIL subsidiary buys 74% of NSPL for ₹382.73 crore
NSPL has leasehold rights over 138 acres adjacent to RIL's Dahej plant
Land to be utilized for salt handling, brine preparation, and hydrogen electrolyser production
Acquisition is in line with RIL's green energy and industrial growth plans
The transaction, with an enterprise value of ₹643.78 crore, comprises ₹126.57 crore of debt and liabilities. NSPL will repay ₹93.66 crore due to Welspun Corp Limited as a part of the transaction.
This acquisition enhances RIL's presence in marine infrastructure and complements its foray into sustainable energy solutions, especially green hydrogen production.
Sources: Business Standard, MarketScreener, Economic Times, March 21, 2025