Welspun India’s business arm to invest Rs 1000 crore in Punjab: Report

07 Jan 2014

Welspun India’s business arm - Welspun Energy (WEL), the country’s biggest developer of solar projects is reportedly planning to invest Rs 1000 crore in Punjab for 160 MW solar power plants. The company has set a target to generate 1.75 GW (solar and wind energy) by 2017. The company has so far built up more than 300 MW clean energy capacity on-ground, of this 262 MW clean energy projects are operational.

Earlier, the company had won one of the world’s largest solar power projects of 151 (DC) MW in the state of Madhya Pradesh and plans to commission it by early 2014. The company is also planning to invest around Rs 12,000 to 15,000 crore in renewable projects by 2017. The company is setting up renewable power projects of capacities 500 MW in Karnataka, 700 MW in Andhra Pradesh, 100 MW in Gujarat and 100 MW in Madhya Pradesh.

Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. WIL’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.

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