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Welspun aims to push up earnings from home textiles

The Welspun Group with interest in home textiles, oil and gas, pipes and green energy posted a revenue of $3 billion in the year ending March 2015. One-third of this came from the home textile business. elspun India is the single largest organised supplier of home textiles in the US market, having an eight per cent market share. It has a 25 per cent market share in large diameter pipes in the US market.

In the solar energy business, the group will have an installed capacity of 1,300 MW by June next and 2,000 MW by March 2017. The company has already invested Rs 3,000 crores into the energy business, including Rs 500 crores of equity. By 2020, the group has set a target of $5 billion in revenue. The idea is to get half of this from home textiles business that currently chips in with one-third.

Welspun has its largest plant in Anjar with a capacity of nearly 1.5 million tons and a 0.35 million ton manufacturing facility at Little Rock, Arkansas, US, which also happens to be the largest employer in the manufacturing sector in the city, employing 900 people.

www.welspunindia.com/

 
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