Archive · 24 Jul 2025
Reliance Industries Acquires Additional Stake in Nauyaan Shipyard
A company called Reliance Industries bought more shares in Nauyaan Shipyard.
This is like when you buy more of a toy you already have.
They spent 54.70 crore rupees to buy these shares.
Now, Reliance Industries owns almost all of Nauyaan Shipyard.
The shipyard is in Dahej, Gujarat, and has a lot of land nearby Reliance's factory.
Reliance plans to use the land to make important things like hydrogen-related equipment.
Reliance Industries' subsidiary acquired a 9.9% stake in Nauyaan Shipyard from Welspun Corp.
The acquisition cost Rs 54.70 crore.
Reliance Industries' group now holds 93.9% of Nauyaan Shipyard.
Nauyaan Shipyard, located in Dahej, Gujarat, has 138 acres of leased land near Reliance Industries' plant.
Reliance Industries plans to use the land for hydrogen electrolyser manufacturing and engineering fabrication.
- Who
- Reliance Industries' subsidiary and Welspun Corp.
- What
- Reliance Industries' subsidiary acquired an additional 9.9% stake in Nauyaan Shipyard.
- When
- The date of the acquisition is not mentioned, but it was recently announced.
- Where
- Nauyaan Shipyard is located in Dahej, Gujarat.
- Why
- To expand Reliance Industries' shipyard operations and utilize land for hydrogen-related manufacturing.
- Acquisition
- 9.9% stake
- Buyer
- Reliance Industries subsidiary
- Seller
- Welspun Corp
- Cost
- Rs 54.70 crore
- Reliance Group's Total Shareholding
- 93.9%
- Shipyard Location
- Dahej, Gujarat
- Land
- 138 acres
- Planned Use of Land
- Hydrogen electrolyser manufacturing, engineering fabrication