Reliance Industries (RIL) has expanded its industrial presence by acquiring Nauyaan Shipyard Private (NSPL) through a two-step acquisition. RIL's subsidiary, Reliance Strategic Business Ventures (RSBVL), first acquired a 100% stake in Nauyaan Tradings Private, paving the way for the larger deal of purchasing a 74% stake in NSPL from Welspun Corp. The transaction valued NSPL’s equity at Rs 517.21 crore, with plans to develop the acquired land near RIL’s Dahej manufacturing complex in Gujarat for various industrial purposes, including hydrogen electrolyser manufacturing. This move is in line with RIL's focus on green energy. The acquisition is part of RIL’s clean energy strategy, which includes a recent partnership with Norway’s Nel ASA to produce advanced alkaline electrolysers supporting India’s National Green Hydrogen Mission. This mission aims to achieve 5 million metric tonnes of domestic green hydrogen production annually by 2030. As part of the deal, NSPL is also set to clear a Rs 93.66 crore liability owed to Welspun Corp.