SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Welspun Living gets nod to invest Rs 56.40 crore in SPV

25 Oct 2023 Evaluate

Welspun Living has received approval for investment not exceeding Rs 56.40 crore in a Special Purpose Vehicle (SPV) for supply of 47 MW Renewable Energy Round-The-Clock (RE-RTC) basis for Anjar operations at the most competitive rates, which will make the company’s Anjar Unit about 80% RE by the financial year 2026 with a reduction in the cost of power. 

It would be a significant step towards the Company’s journey to reach 100% RE by 2030. The company will hold around 27.47% equity share capital of SPV viz. Mounting Renewable Power (MRPL). The Board of Directors of the company at its meeting held on October 25, 2023, has approved the same.

Welspun Living (Formerly known as 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.

Welspun Living Share Price

125.45 1.60 (1.29%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 125.45
Vardhman Textiles 557.75
Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
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:

×