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Welspun India to augment Anjar’s towel manufacturing capacity by 20%

  

Welspun India has approved plan to augment towel manufacturing capacity by ~20 per cent to 102,000 mtpa at Anjar to meet the growing demand from the overseas customers. The company has approved an investment in 40 looms for towel fabric at Anjar which represents ~7 per cent of installed capacity. At Vapi, it has approved rugs capacity expansion by 80 per cent. The Company is expected to invest ~Rs. 6,565 mn for the aforesaid expansion over FY22 and FY23.

Welspun’s wholly owned subsidiary company viz., Welspun Flooring approved capex of ~ Rs. 1,436 mn to be invested over FY22 and FY23, for de-bottlenecking and rebalancing of its facility at Telangana, including setting up of a 25MW Renewable Energy Power Plant for uninterrupted power supply at lower cost and to further the Group's commitment towards ESG by embedding sustainability and circularity at every stage of its value chain.

During current financial year, Welspun has invested Rs. 2,810 million in capex and the total investment during FY22 will be Rs. 7,500 million including the investment approved for the home textile and flooring businesses.

 
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