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.
