Reliance Naval and Engineering Limited (R-Naval), formerly known as Reliance Defence & Engineering Limited and prior to that as Pipavav Shipyard Limited and Pipavav Defence & Offshore Engineering Company Limited is an Indian

shipbuilding Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to befo ...

and

heavy industry Heavy industry is an industry that involves one or more characteristics such as large and heavy products; large and heavy equipment and facilities (such as heavy equipment, large machine tools, huge buildings and large-scale infrastructure); o ...

company headquartered in

Mumbai Mumbai (, ; also known as Bombay — List of renamed Indian cities and states#Maharashtra, the official name until 1995) is the capital city of the Indian States and union territories of India, state of Maharashtra and the ''de facto'' fin ...

. The shipyard is located in Pipavav,

Gujarat Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...

, at a distance of 90 km South of

Amreli Amreli is a city and a municipality in Amreli district in Indian state of Gujarat. History It is believed that during 534 AD Amreli existed was formerly known as Anumanji, Amlik and then Amravati. The city is named in ancient Gujrati as ''Am ...

, 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. Piavav is the largest shipyard in India. Reliance Naval and Engineering Limited is under Corporate Insolvency Resolution Process as per the provisions of the Insolvency and Bankruptcy Code w.e.f. January 15, 2020. Its affairs, business and assets are being managed by Mr. Sudip Bhattacharya, Resolution Professional, appointed by NCLT Ahmadabad bench by order dated May 5, 2020.

History

Pipavav Shipyard was established as a wholly owned subsidiary of SKIL Infrastructure in 1997 at Pipavav, Gujarat. In 2005, with funding from major Indian financial institutions, the company was spun off and registered as Pipavav Shipyard Limited. Pipavav Shipyard Limited raised additional financing from a number of private equity investors in 2007. The company went public in 2009 with listings on the

BSE BSE may refer to: Medicine * Bovine spongiform encephalopathy, also known as mad cow disease, a neurodegenerative disease of cattle * Breast self-examination Stock exchanges * Bahrain Stock Exchange, Bahrain * Baku Stock Exchange, Azerbaijan * B ...

and the NSE. Pipavav Shipyard is the first corporate shipyard to be granted clearance to build

warship A warship or combatant ship is a naval ship that is built and primarily intended for naval warfare. Usually they belong to the armed forces of a state. As well as being armed, warships are designed to withstand damage and are usually faster ...

s and other vessels for the

Indian Navy The Indian Navy is the maritime branch of the Indian Armed Forces. The President of India is the Supreme Commander of the Indian Navy. The Chief of Naval Staff, a four-star admiral, commands the navy. As a blue-water navy, it operates si ...

, though the initial licence limits this to up to 5 ships per year. On March 26, 2015, the Company successfully implemented debt restructuring by raising additional debt of INR 5,500 crore resulting in total debt line in excess of INR 12,000 crore (about US$2 billion). The Company has a market capitalisation ranging between US$700 – 900 million and total enterprise value of USD 2.7 to 2.9 billion. 17.66 per cent of Pipavav was acquired by Reliance Infrastructure Limited on 5 March 2015 in a US$130 mln deal. Subsequently, Reliance Infrastructure launched an open offer to acquire additional shares to control 25.1 per cent of the Company. The open offer has been completed and Reliance Infrastructure now holds 36.5% equity in Pipavav and Anil Ambani has been appointed as the Chairman. The company was renamed to Reliance Defence and Engineering on 3 March 2016 and again renamed to Reliance Naval and Engineering Limited on 6 September 2017.

Facilities

Pipavav Shipyard is spread over . It has access to over 720 meters of exclusive waterfront. This is the largest shipyard in India. 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. Approximately 4.5 kilometres away from the dry-dock, and located on 95 hectares of land in a

Special Economic Zone A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increas ...

approved by the Government of India, a block-making facility has been set up for fabrication of hull blocks. By having located the workshops and fabrication facilities in a SEZ away from the dockyard site, it is able to reserve the maximum area of water frontage available at the shipyard site for ship assembly, offshore fabrication and ship repair activities whilst carrying out its fabrication and other similar activities through a SEZ unit. The blocks manufactured at this site are pre-outfitted to the maximum extent. This is done in the ideal working conditions offered by covered fabrication shops. When ready, the blocks are moved to the dock-side for pre-erection of mega/giga-blocks followed by lowering them on the dock floor for final assembly and vessel launching.

Products

*Shipbuilding:

Bulk Carrier A bulk carrier or bulker is a merchant ship specially designed to transport unpackaged bulk cargo — such as grains, coal, ore, steel coils, and cement — in its cargo holds. Since the first specialized bulk carrier was built in 1852, eco ...

Platform supply vessel A platform supply vessel (PSV) is a ship specially designed to supply offshore oil and gas platforms. These ships range from in length and accomplish a variety of tasks. The primary function for most of these vessels is logistic support and tr ...

Barge Barge nowadays generally refers to a flat-bottomed inland waterway vessel which does not have its own means of mechanical propulsion. The first modern barges were pulled by tugs, but nowadays most are pushed by pusher boats, or other vessels ...

Naval ship A naval ship is a military ship (or sometimes boat, depending on classification) used by a navy. Naval ships are differentiated from civilian ships by construction and purpose. Generally, naval ships are Damage control, damage resilient a ...

s *Offshore & Engineering:

Jackup rig A jackup rig or a self-elevating unit is a type of mobile platform that consists of a buoyant hull fitted with a number of movable legs, capable of raising its hull over the surface of the sea. The buoyant hull enables transportation of the unit a ...

s *Heavy Engineering: Pressure vessels *Machinery:

Gantry crane A gantry crane is a crane built atop a gantry, which is a structure used to straddle an object or workspace. They can range from enormous "full" gantry cranes, capable of lifting some of the heaviest loads in the world, to small shop cranes, us ...

s *Repairs & Conversions: merchant vessels,

s, Oil Platforms, conversion of Mobile

Offshore Drilling Offshore drilling is a mechanical process where a wellbore is drilled below the seabed. It is typically carried out in order to explore for and subsequently extract petroleum that lies in rock formations beneath the seabed. Most commonly, the te ...

Units into Mobile Offshore Production Platforms, conversion of Mobile Offshore Production Units into Mobile Offshore Drilling Units

Achievements and orders

From 2011, till January 2015 Pipavav Shipyard delivered 6 new build Panamax Ship of length 225 metres, 5 new build Offshore supply vessels of length 59 metres and 2 new build Barges. This shipyard has repaired and delivered 6 Jackup rigs of Gross Tonnage in between the range of 6000 to 12000 Tonnes, 1 Pipe Laying and Heavy lifting Accommodation Barge, 1 Offshore supply vessel and 1 Coast Guard Ship. In June 2010, PSL was awarded a contract to build five offshore patrol vessels for the Indian Navy. In July 2015, Pipavav shipyard was chosen for a 'Make in India' naval frigate order. The order value exceeds more than USD 3 bn. This order is being termed as the private sector's biggest-ever warship-building project. 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.

Joint Venture

On 12 September 2011, it was announced that Pipavav Shipyard entered a joint venture with

Mazagon Dock Limited Mazagon Dock Shipbuilders Limited (MDL) (IAST: ''Majhagānv Dawk Limiṭeḍ''), formerly called Mazagon Dock Limited, is a shipyard situated in Mazagaon, Mumbai. It manufactures warships and submarines for the Indian Navy and offshore platfor ...

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. In February, 2014, Pipavav announced a joint venture with Atlas Elektronik to build Heavy Weight Torpedoes.

References

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External links

Official site of Reliance Defence and Engineering Limited
Shipbuilding companies of India Manufacturing companies based in Mumbai Shipyards of India Indian companies established in 1997 1997 establishments in Maharashtra Reliance Group Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange