Welspun Corp Limited is pleased to inform that its wholly owned subsidiary Sintex–BAPL Limited has finalised an investment of upto Rs. 2,355 crore to set up manufacturing units in the states of Telangana, Odisha, Madhya Pradesh, and Jammu & Kashmir through its wholly owned step down subsidiary, Sintex Advance Plastics Limited (SAPL).

The investment will be spread over the next two financial years starting from FY25 to FY26 and the projects will be funded through a combination of debt and equity.

The proposed investment is for manufacturing plastic pipes and water storage with a total capacity of around 200,000 MT and shall cater to the exponentially growing water storage and distribution segment.

The market size of plastic pipes used for buildings and infrastructure in India is likely to reach around Rs. 65,000 crore in 2030. Thus, it provides a huge opportunity to Sintex to leverage its brand value, optimise its distribution channel and rationalise its logistics cost, thereby charting out a strong growth outlook and further strengthening our position into the B2C segment.

Commenting on the development, Welspun Group Chairman, B. K. Goenka said, “I am glad to share that on the first anniversary of our acquisition of Sintex BAPL, we have finalised the next phase of growth for Sintex. Over the past 50 years, Sintex has been at the forefront in providing water solutions. Along with improving existing business, foray into new product segments in new locations will further strengthen Sintex brand equity and our B2C market strategy. Recent signing of framework agreement with Rollepaal Pipe Extrusion Technology B.V. ensures our commitment towards superior technology. I strongly believe that our strategic move in Sintex will help in creating substantial value for our stakeholders.”