News Overview

This deal marks the final leg of a series of stake purchases by Reliance in Nauyaan Shipyard over the past few months.

The block, located in Village Joga, Tehsil Ramgarh of Jaisalmer district, covers 960 hectares and carries an estimated limestone reserve of 271.38 million tonnes.

This order is in line with Titagarh Rail’s push to diversify its portfolio beyond the railway segment.

The company said the development will cater to rising demand for modern offices and premium hospitality in the city’s busy IT corridor.

With this, the Hyderabad-based company has become one of the first in India to introduce the new G12R N-Type technology.

Alongside, Devki Nandan Sharma has been appointed as an Additional Director and Whole-Time Director of the company.

According to its audited accounts, MCIL posted revenue of ₹182.15 crore in FY25. This is up from ₹174.03 crore in FY24 and ₹159.42 crore in FY23.

The move is subject to shareholder approval and regulatory clearances, including permission from the regional director under the Ministry of Corporate Affairs.

According to the company, the vessels are being built for GRSE and will be deployed by the Geological Survey of India (GSI) as research ships for coastal exploration.

JNK India clarified that the transaction qualifies as a related-party deal but has been finalised on an arm’s-length basis.