Reliance Acquires Nauyaan Tradings, Eyes Majority Stake in Nauyaan Shipyard

Reliance Industries Limited has acquired a 100% stake in Nauyaan Tradings Private Limited for ₹1 lakh. This move is part of a larger strategy, as Nauyaan Tradings has entered into an agreement to purchase a 74% stake in Nauyaan Shipyard Private Limited for ₹382.73 crore. The acquisition of Nauyaan Shipyard is expected to be completed by March 21, 2025. The shipyard, located in Dahej, Gujarat, holds significant potential for industrial expansion, including salt handling, brine preparation, and hydrogen electrolyser manufacturing. This deal aligns with Reliance's plans to enhance its industrial footprint and push into green energy initiatives.

 

Source: Business Standard, The Economic Times, Marketscreener