Reliance Unit to Acquire 74% Stake in Nauyaan Shipyard for Rs 3.83 Bn

25 Mar 2025 CW Team

Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has announced the acquisition of 74% equity stake in Nauyaan Shipyard Private Limited (NSPL) from Welspun Corp Limited (WCL) for Rs 3.82 billion, subject to adjustments.

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.

Infrastructure Transport

30 May 2026

Chembur Metro to Boost East Mumbai Links

MMRDA is advancing eastern Mumbai’s urban mobility network, with the upcoming Chembur Metro Station set to emerge as a key interchange and the Mumbai Monorail preparing for relaunch.Dr Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, conducted a site visit to Chembur Metro Station along with Kanhuraj Bagate, Managing Director, MMMOCL. He also visited the nearby VN Purav Monorail Station to review system preparedness and ease of interconnectivity.Once operational, the interchange is expected to offer commuters across the eastern suburbs quicker access, smoother transfers and seamless conne..

Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

Herrenknecht India has supplied two of the four tunnel boring machines (TBMs) required for the 11-km Thane–Borivali Twin Tunnel Project being developed by the Mumbai Metropolitan Region Development Authority (MMRDA). The project is expected to reduce travel time between Thane and Borivali from 60–90 minutes to around 15 minutes while easing congestion across the Mumbai Metropolitan Region.The first two Single Shield TBMs, named Nayak and Arjuna, feature 13.34-m cutterhead diameters and are designed for hard-rock excavation. They will be deployed to tunnel through the challenging geological..

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..