Further to the announcement on 25th September, 2023, Welspun Corp has informed that its wholly owned subsidiary Sintex BAPL has finalised an investment of upto ~Rs 807 crore to set up manufacturing unit in the state of Telangana through a wholly owned step-down subsidiary, Sintex Advance Plastics (SAPL), which will be spread over the next three financial years starting from FY25. The project will be funded through a combination of debt and equity.
The above information is a part of company’s filings submitted to BSE.
