Swan Energy draws up big plans for Reliance Naval - Business News: Latest News & Videos about market and economy | Trendmergers

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Swan Energy draws up big plans for Reliance Naval

Led by businessman Nikhil Merchant and his family, Swan Energy partnered Hazel Mercantile through a special purpose vehicle - Hazel Infra - to acquire RNEL, the largest shipyard in the country. In December, the National Company Law Tribunal approved its ₹2,100-crore bid for RNEL, which will be renamed Swan Heavy Industries.

from Industry-Economic Times
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