SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Welspun India’s arm WEL invests Rs 885 crore for solar project

06 Mar 2013 Evaluate

Welspun India’s business arm - Welspun Energy (WEL), India’s biggest developer of solar projects has invested Rs 885 crore for its 130 megawatt (MW) solar project in Madhya Pradesh. It has arranged the fund from a banking consortium led by the Central Bank of India.

The company aims to commission the project located in Mindshare district of Madhya Pradesh by May 2014. The 130 MW project is the largest solar project in the country. WEL, which outbid 12 others to get the project, had agreed to sell power at Rs 8.05 per unit. The project will meet the state’s annual power deficit of 17.9% and will enable powering of 660,000 homes and mitigating 229,550 tonnes of carbon annually.

Welspun Energy is part of the $3.5 billion Welspun Group, which has interests in power generation, infrastructure, exploration and production of oil and natural gas, steel pipes and textiles.

Welspun Living Share Price

144.90 6.30 (4.55%)
15-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 144.90
Vardhman Textiles 637.65
Arvind 499.20
K.P.R. Mill 1052.40
Page Industries 39156.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: