Reliance Unit to Acquire 74% Stake in Nauyaan Shipyard for Rs 3.83 Bn
As part of the transaction, RSBVL has also acquired 100% equity stake in Nauyaan Tradings Private Limited (NTPL) for a nominal Rs 1,00,000 from Welspun Tradings Limited, making NTPL a step-down wholly owned subsidiary of RIL.
Key Financials & Details: Enterprise value of NSPL: Rs 6.43 billion
Debt & liabilities: Rs 1.26 billion
100% equity valuation: Rs 5.17 billion
Amount payable to WCL: Rs 9.3 billion
NSPL’s turnover: Rs 7 million (FY 2023-24), Nil (FY 2022-23 & 2021-22)
Strategic Importance of the Acquisition NSPL holds leasehold interest in approximately 138 acres near RIL’s Dahej manufacturing plant, including foreshore land usage rights. The site is intended for: Salt handling, storage, and brine preparation Engineering fabrication of structures Manufacturing of hydrogen electrolysers
RIL confirmed that necessary applications are being submitted for regulatory approvals. The acquisition of 74% equity shares in NSPL is expected to be completed by March 21, 2025.