New Delhi, March 24 -- The company's step-down wholly owned subsidiary, Nauyaan Tradings (NTPL), has finalized the acquisition of a 74% equity stake in Nauyaan Shipyard (NSPL) from Welspun Corp for Rs.382.73 crore. As a result, NSPL is now a step-down subsidiary of the company. Before the acquisition, NTPL had extended an unsecured loan of Rs.93.66 crore to NSPL on an arm's-length basis.

Cococart Ventures Private Limited, a step-down subsidiary, established "Cococart International-FZCO" in Dubai, UAE, on March 21, 2025. The entity has not yet begun its business operations.

The company has secured a Letter of Acceptance for a Rs.1,480.34 crore project from Bihar Medical Services & Infrastructure Corporation. The project includes redevelo...