Welspun Corp’s wholly owned subsidiary -- Sintex BAPL has finalized an investment of up to around 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 proposed investment is for manufacturing around 59 KMTPA of Plastic Pipes, around 5,300 MTPA of Water Storage Tanks and around 8,900 MTPA Sandwich Moulded Tanks. The pipes and fittings would include CPVC, UPVC, HDPE, and OPVC pipes and shall cater to the exponentially growing water distribution segment.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
