Reliance Industries Acquires 74% Stake in Nauyaan Shipyard for ₹382.73 Crore

Reliance Industries Limited has acquired a 74% stake in Nauyaan Shipyard Private Limited through its subsidiary Nauyaan Tradings Private Limited for ₹382.73 crore, marking a significant move in the shipyard sector. This acquisition will allow Reliance to leverage 138 acres of land near its Dahej manufacturing complex for various operations, including the manufacturing of hydrogen electrolysers as part of its green energy strategy. The deal follows Reliance's earlier acquisition of a 100% stake in Nauyaan Tradings for ₹1 lakh, further integrating its operations in the shipbuilding and green manufacturing sectors. The transaction is expected to enhance Reliance's capabilities in the green hydrogen market, aligning with India's National Green Hydrogen Mission. RIL's reported financials indicate a robust performance, with a consolidated net profit increase and positive revenue growth, signaling strong overall business health amidst these strategic expansions. The acquisition is subject to regulatory approvals and is anticipated to be finalized by March 2025.