Mukesh Ambani-led Reliance Industries Limited (RIL) is continuing to expand its presence in the shipbuilding sector with fresh investments. In a recent stock exchange filing, RIL announced that it has acquired an additional 10% stake in a shipbuilding company.
The company in focus is Nauyaan Shipyard Pvt Ltd (NSPL).
According to the filing, Nauyaan Tradings Pvt Ltd (NTPL)—a wholly-owned subsidiary of RIL—has completed the purchase of this additional stake for Rs 51.72 crore. The stake was acquired from Welspun Corp Ltd.
“Nauyaan Tradings Private Limited (NTPL), a step-down wholly-owned subsidiary of the Company, has informed the Company that it has today completed the acquisition of a further 10% equity stake in Nauyaan Shipyard Private Limited (NSPL), a step-down subsidiary of the Company, for an aggregate consideration of Rs. 51.72 crore from Welspun Corp Limited,” Reliance Industries said in the filing.
This move signals RIL’s growing interest and strategic investment in the shipbuilding space.
