Nauyan Shipyard Private Limited (NSPL) has also now come under the umbrella of Reliance Industries (RIL). Nauyan Trading Private Limited (NTPL), a wholly owned step down subsidiary of Reliance Industries, has completed the purchase of 74 percent stake in NSPL from Welspun Corp Limited. The deal was worth Rs 382.73 crore. Reliance Industries has informed the stock markets about this. After this, NSPL has become a step down subsidiary of Reliance Industries from March 21.
Prior to the acquisition, NTPL had given an unsecured loan of Rs 93.66 crore to NSPL. Necessary applications are being made to obtain approval of appropriate authorities, Reliance Industries said in an exchange filing.
Reliance Industries shares closed in green
On March 21, the stock of Reliance Industries closed at Rs 1276.45 on BSE with a gain of 0.62 percent. The market cap of the company has reached Rs 17.27 lakh crore. The stock has come down by 14 percent in 6 months. The stock has strengthened by 4 percent so far in the year 2025. The face value of the stock is Rs 10. Promoters held 50.13 percent stake in the company till the end of December 2024. Reliance Industries is the most valuable company in the country.
Profit up 7% in December quarter
Reliance Industries reported a consolidated net profit of Rs 18,540 crore in the October-December 2024 quarter. This is 7 percent more than the profit of Rs 17,265 crore in the same period last year. Consolidated revenue stood at Rs 2.40 lakh crore, which is 6.7 percent more than the revenue of Rs 2.25 lakh crore in the December 2023 quarter. EBITDA grew 7.7 percent year-on-year to Rs 43,789 crore in the December 2024 quarter. Also, EBITDA margin increased to 18.3 percent.
Disclaimer: Moneycontrol is part of the Network18 Group. Network18 is controlled by Independent Media Trust, whose sole beneficiary is Reliance Industries.
