Welspun India has entered into an arrangement for supply of renewable energy under Captive Structure from Clean Max Thanos (CTPL), as a part of Environmental, social, and governance (ESG) journey. The company has subscribed to 26% equity share capital of CTPL by paying Rs 3.80 crore and remaining 74% shareholding of CTPL is held by Cleanmax Group.
CTPL will set up a renewable energy project under Hybrid Policy of the Government of Gujarat and the company’s Vapi factory will acquire renewable energy from the proposed project of CTPL. CTPL is expected to commence supply of renewable energy to the company’s Vapi factory by March 31, 2023.
Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. The company’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.
Company Name | CMP |
---|---|
PDS | 607.75 |
Welspun Living | 163.40 |
Vardhman Textiles | 509.20 |
Arvind | 409.60 |
K.P.R. Mill | 1024.20 |
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