Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 388)

2023-10-30 Business

388.

Which company acquired Reliance Naval and Engineering in 2023?

Tata Group

Larsen & Toubro

Mazagon Dock Shipbuilders Limited

Swan Energy

Answer: Option

Explanation:

Swan Energy, a Mumbai-based conglomerate, purchased Reliance Naval and Engineering for ₹231 crore through its special purpose vehicle, Hazel Infra, strengthening its presence in India's shipbuilding industry and aligning with the Atmanirbhar Bharat initiative for self-reliance.