As per its recent announcement at the Vibrant Gujarat Summit, Welspun Group has signed an MoU with the state government to expand textile production capacity with an investment of Rs 1,500 crore.
As per the MoU, Welspun will develop a green hydrogen and ammonia ecosystem in Gujarat with an investment of Rs 40,000 crore. The group has teamed up with Gujarat Pipavav Port for producing green hydrogen and its derivatives, including green ammonia and green methanol.
Welspun also plans to produce one million tonne of ammonia from this facility in Kutch, Gujarat in the next 3-5 years. It also plans to export this ammonia.
The MoU between the two parties marks a significant step towards realising the state’s vision for a sustainable and power infrastructure.
