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Welspun India planning to set up Rs 300 crore park in Odisha: Report

27 Nov 2017 Evaluate

Welspun India is reportedly planning to set up food processing, warehouse and electrical equipment park in Odisha. In this regard, the company has received approval from state government on November 24, 2017.

The unit would come up over 175 acres in Bhadrak district at an investment of Rs 300 crore. It would have units in sectors like edible oil, deep freezing, food storage, sea food processing, export oriented apparel unit and multi-modal logistic parks.

Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. The company’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.

Peers
Company Name CMP
Vardhman Textiles 561.95
Welspun Living 223.70
Arvind 548.00
Raymond Lifestyle 677.40
K.P.R. Mill 1136.75
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