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Welspun Corp's subsidiary proposes to set up new facility

Monday, 04 Mar 2024
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Welspun Corp's step-down subsidiary, Sintex Advance Plastics (SAPL) has proposed to set up a manufacturing facility for plastic pipes and water storage tanks in Madhya Pradesh.

The proposed investment for the manufacturing facility is Rs 400 crore. The project is likely to be implemented over the employment opportunities for about 350 individuals. The company's foray into the plastic pipes segment is part of its strategy, while simultaneously aiding its market share in water storage tanks segment. 

Welspun Corp is already successfully running its line pipe manufacturing operations in the state. Welspun Corp is primarily engaged in business of manufacture and distribution of steel and steel products. 

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