Welspun Corp Limited Approves Investment in Renewable Energy and DI Pipes Manufacturing

Welspun Corp Limited has approved an investment of up to Rs.44.25 Crore in a Special Purpose Vehicle (SPV) for supply of 42 MW Renewable Energy Round-The-Clock (RE-RTC) and approved a capital expenditure of up to Rs.35 Crore for transmission of RE power to Anjar facility. The company also approved setting up of DI Pipes manufacturing facility in the Middle East Region with an investment of approx. INR 500 crore.,