Reliance Naval and Engineering Limited
 | Parts of this article (those related to Ownership) need to be updated. (July 2024) |
20°55′20″N 71°29′58″E / 20.922351°N 71.499571°E
Swan's Pipavav Shipyard, formerly known as Reliance Defence & Engineering Limited and prior to that as Pipavav Shipyard Limited and Pipavav Defence & Offshore Engineering Company Limited[1] is an Indian shipbuilding and heavy industry company headquartered in Mumbai. The shipyard is located in Pipavav, Gujarat, at a distance of 90 km South of Amreli, 15 km South of Rajula and 140 km South West of Bhavnagar. R-Naval is the first private sector company in India to obtain a license and contract to build warships. Pipavav is the largest shipyard in India.[2][3][4]
| Formerly |
|
|---|---|
| Company type | Public |
| BSE: 533107 NSE: RNAVAL | |
| Industry | |
| Founded | 17 October 1997 |
| Founders | Nikhil Prataprai Gandhi Bhavesh Prataprai Gandhi |
| Headquarters | , |
Area served | Worldwide |
Key people | Nikhil Merchant (Chairman and Managing Director) |
| Services | Ships & offshore Platforms, Pressure Vessels Design, construction, repair and conversion |
| Revenue |  ₹14.13 billion (US$170 million) (2018)[5] |
| ₹−9.56 billion (US$−110 million) (2018) | |
| Total assets | ₹99.4 billion (US$1.2 billion) (2018) |
Number of employees | 367 (March 2018) |
| Parent | Reliance Infrastructure |
| Website | www |
History
[edit]Swan Energy Limited, in partnership with Hazel Mercantile Limited, acquired Reliance Naval and Engineering Limited (RNEL) following the approval of their resolution plan by the Hon’ble National Company Law Tribunal (NCLT) Ahmedabad Bench on December 23, 2022, under the Insolvency and Bankruptcy Code, 2016. [6] As part of the acquisition, [7] a new Board of Directors was appointed on December 8, 2023, and Swan Energy's management officially took over control of the company on January 4, 2024. All actions related to the acquisition are proceeding in line with the approved Resolution Plan.
Facilities
[edit]Pipavav Shipyard is spread over 500 acres (2.0 km2).[8] It has access to over 720 meters of exclusive waterfront. This is the largest shipyard in India.[9]
Its dry dock is 640m length and 65m breadth, It can accommodate ships up to 400,000 tonnes DWT. Two cranes with a span of 140 meters & height of 85 meters together capable of handling up to 1200 Ton block and two Level Luffing cranes are erected to service this dry dock. To facilitate afloat fit-out and commissioning of ships, including afloat repairs, a 300–meter long quay, with the capacity for berthing on both sides, adequate draft and serviced by a Level Luffing crane. The entrance of the dry dock also has a 100-meter extension track for the Goliath cranes for unloading heavy machinery and equipment weighing up to 1200 Tons directly from ships and heavy lift barges.[10]
Achievements and orders
[edit]In June 2010, PSL was awarded a ₹26 billion (US$310 million) contract to build five offshore patrol vessels for the Indian Navy.[11]
In July 2015, Pipavav shipyard was chosen for a 'Make in India' naval frigate order. The order value exceeds more than US$3 bn. This order is being termed as the private sector's biggest-ever warship-building project.[12]
On 13 February 2017, Reliance Defence and Engineering Limited (RDEL) has signed the Master Ship Repair Agreement (MSRA) with the US Navy to maintain the vessels of its Seventh Fleet operating in the region, with the company estimating revenues of about Rs 15,000 crore ($2 billion) over next 3 –5 years. The Seventh Fleet's area of responsibility includes the Western Pacific and Indian Ocean and at any given time there are roughly 140 ships and submarines, 5070 aircraft and approximately 20,000 sailors under its command. Currently, these vessels visit Singapore or Japan for such works. [13]
Joint Venture
[edit]On 12 September 2011, it was announced that Pipavav Shipyard entered a joint venture with Mazagon Dock Limited to collaborately build warships and submarines using Pipavav's facilities. The deal will free up the congested order book of Mazagon shipyard and will give Pipavav a much needed boost in defence shipbuilding.[14] In February 2014, Pipavav announced a joint venture with Atlas Elektronik to build Heavy Weight Torpedoes.[15]
See also
[edit]References
[edit]- ^ a b "Reliance Naval and Engineering Limited: Reliance Defence is now Reliance Naval and Engineering Limited". The Economic Times. Archived from the original on 9 September 2017. Retrieved 15 January 2022.
- ^ "Pipavav Shipyard India".
- ^ "Top 10 Largest Dry Docks in the World". 8 April 2022.
- ^ "Skillgroup Official". skilgroup.co.in. Retrieved 21 April 2024.
- ^ "Financial Results, Q1 2014–15" (PDF). pipavav defence and offshore engineering company limited. Archived from the original (PDF) on 4 November 2014. Retrieved 14 August 2014.
- ^ "NCLT approves Swan Energy plan to acquire Reliance Naval and Engineering". 29 December 2022.
{{cite web}}: Unknown parameter|cnbc=ignored (help) - ^ "Swan Energy gets nod to set up Reliance Naval board". Hindu Business Line. 8 December 2023.
- ^ "Overview". Pipavav Shipyard Limited. Retrieved 3 February 2011.
- ^ Faridi, Shahid (9 March 2022). "Pipavav Shipyard may be sold by March 10; lenders stare at 90-95% haircut". The New Indian Express. Retrieved 21 April 2024.
- ^ "In the News". Pipavav Shipyard Limited. 20 September 2007. Retrieved 11 September 2011.
- ^ "Pipavav bags Rs 2,600-cr Navy deal". The Economic Times. 7 June 2010. Retrieved 11 September 2011.
- ^ Pubby, Manu (14 July 2018). "Biggest warship project: Russia selects Anil Ambani's Pipavav to make frigates for Indian Navy". The Economic Times.
- ^ "Reliance Defence signs warship repair pact with US Navy". The Hindustan Times. 13 February 2017.
- ^ "JV Pipavav Mazagon". NDTV India. 11 September 2011. Retrieved 13 September 2011.
- ^ "JV Pipavav Atlas Elektronik". India Strategic. 7 February 2015. Retrieved 7 February 2015.