Welspun World commits Rs 40,000 crore in Gujarat's green energy shift

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Ahmedabad (Gujarat) [India], January 10 (ANI): Welspun World, through its entity Welspun New Energy Limited, is committed to supporting Gujarats decarbonisation ambitions with a cumulative investment of over Rs 40,000 crores...

In a release, Welspun said its new energy entity today entered into a strategic alliance with Gujarat Pipavav Port Limited (GPPL), promoted by APM Terminals, part of the AP Moller-Maersk Group, to mutually explore opportunities and develop green hydrogen facilities for the production of green hydrogen and its derivatives such as green ammonia and green methanol, at the land parcel provided by Gujarat Pipavav Port Ltd...

BK Goenka, Chairperson, Welspun World, said, As a responsible global conglomerate, Welspun World continues to invest in long-term, strategic projects that are aligned with Welspuns Vision and our desire for a greener planet..

Our initiatives align with Prime Minister Narendra Modis mission of making India a leader in Green Energy and transforming Gujarat as one of the growth engines on our journey towards achieving sustainable economic growth..

With annual revenues of over USD 3 billion and a presence of over three decades, Welspun World is one of Indias fastest-growing conglomerates, with businesses in line pipes, home textiles, building materials, infrastructure, water, steel, warehousing, new energy, advanced textiles and flooring solutions..