Welspun Corp is all set to make an investment not exceeding Rs 3.50 crore holding upto around 22.67% equity share capital in Bhargavi Renewable (BRPL), a subsidiary of Welspun Renewable Energy (WREPL).
The company and/or its subsidiaries propose to enter in Power Purchase Agreement (with Take or Pay arrangement) for supply of renewable power for a period of 25 years and will pay interest free security deposit upto around Rs 1.85 crore. The company and/or its subsidiaries will get power at the most competitive rates on arm’s length basis with a reduction in cost of power.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
| View more.. | |
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