Welspun Corp Limited has announced 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 Limited (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 ~59 KMTPA of plastic pipes, ~5,300 MTPA of water storage tanks and ~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.
Source: Sintex BAPL to invest Rs 800 crore+ for new manufacturing unit in Telangana
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