Reliance to Acquire 74 per cent Stake in Nauyaan Shipyard
PORTS & SHIPPING

Reliance to Acquire 74 per cent Stake in Nauyaan Shipyard

Reliance Strategic Business Ventures (RSBVL), a Reliance Industries subsidiary, is acquiring 74 per cent of Nauyaan Shipyard (NSPL) from Welspun Corp for Rs 3.82 billion, pending adjustments. NSPL’s leasehold covers 138 acres near RIL’s Dahej plant, designated for salt handling, engineering...

Reliance Strategic Business Ventures (RSBVL), a Reliance Industries subsidiary, is acquiring 74 per cent of Nauyaan Shipyard (NSPL) from Welspun Corp for Rs 3.82 billion, pending adjustments. NSPL’s leasehold covers 138 acres near RIL’s Dahej plant, designated for salt handling, engineering fabrication, and hydrogen electrolyser manufacturing. With an Rs 6.43 billion enterprise value, NSPL’s 100 per cent equity is Rs 5.17 billion, with Rs 9.3 billion payable to WCL. Regulatory approvals are underway, with the deal expected to close by March 21, 2025.Contact: Reliance IndustriesWebsite: www.ril.com Tel – +91-22-3555-5000Email - info@ril.com

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