Reliance Industries Ltd, through its unit Reliance Strategic Business Ventures Ltd (RSBVL).

Has acquired a 74% stake in Nauyaan Shipyard Pvt Ltd from Welspun Corp Ltd for ₹382.73 crore. The Dahej shipyard, located next to Reliance's manufacturing plant, will not be used for shipbuilding but for salt handling, storage, brine preparation, engineering fabrication, and hydrogen electrolyser manufacturing. The shipyard spans 138 acres with 1,000 metres of waterfront but requires extensive dredging due to years of inactivity. The deal has sparked industry speculation, but Reliance clarified its focus on industrial activities, not shipbuilding.