Welspun Living Sells 51% Stake in WCPGL for ₹67.66 Cr

Welspun Living Limited announced board approval for the sale of its 51% stake in Welspun Captive Power Generation Limited (WCPGL) to Welspun Corp Limited (WCL), a promoter group company, for ₹67.66 Crores. This strategic divestment is aimed at increasing the use of renewable and green energy and is expected to be completed by August 31, 2026. Upon completion, WCPGL will transition from a subsidiary to an associate company. Additionally, the board approved a capital expenditure of ₹121 Crores for a de-bottlenecking and modernization project at its Anjar facility to upgrade technology and meet market demands.