Reliance Industries Limited (RIL) announced on Friday that its step-down subsidiary, Nauyaan Tradings Private Limited (NTPL), has completed the acquisition of the remaining 6.1% equity stake in Nauyaan Shipyard Private Limited (NSPL). The deal, valued at ₹45.32 crore, was executed with Welspun Corp Limited (WCL).
With this acquisition, NSPL has officially become a step-down wholly owned subsidiary of RIL. The company highlighted that this transaction is not a related party deal, and neither the promoter group nor other group companies have any involvement. RIL further noted that all necessary regulatory applications are being made under agreements between NSPL and the relevant authorities.
Reliance Industries reported a sharp 78% YoY jump in Q1FY26 consolidated net profit at ₹26,994 crore, boosted by a one-time ₹8,924 crore gain from its Asian Paints stake sale. Revenue from operations grew 5.3% to ₹2,48,660 crore from ₹2,36,217 crore, while gross revenue rose 6% to ₹2,73,252 crore. EBITDA advanced 36% to ₹58,024 crore versus ₹42,748 crore, with margins strengthening to 21.2% from 16.6%. Jio Platforms posted 18.8% revenue growth, driven by subscriber additions, higher usage and continued digital momentum.
Read More: Reliance Industries Completes Voluntary Winding Up of Two US Subsidiaries!
As of August 25, 2025, at AM, Reliance Industries share price is trading at ₹1,412.70 per share, reflecting a surge of 0.25% from the previous closing price. Over the past month, the stock has surged by 1.51%.
The acquisition strengthens Reliance’s control over its shipyard operations, adding strategic depth to its portfolio. With Nauyaan Shipyard now fully under its umbrella, RIL has closed yet another significant transaction, reinforcing its focus on consolidation and long-term growth.
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Published on: Aug 25, 2025, 11:23 AM IST
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