Welspun Corp Limited's step down subsidiary, Sintex Advance Plastics Limited (SAPL), proposes to set up a manufacturing facility for plastic pipes and water storage tanks in Madhya Pradesh for an approx. investment of Rs. 400 crore.

The project is likely to be implemented over the next six quarters and create employment opportunities for about 350 people.

The groundbreaking for the proposed facility was held virtually in presence of Dr. Mohan Yadav, Chief Minister of Madhya Pradesh and Vipul Mathur, MD & CEO, Welspun Corp Ltd. during the 'Invest MP Regional Industry Conclave' at Ujjain, Madhya Pradesh.

Commenting on the development, Mathur said, "As a stated strategy, Sintex has already announced its foray into the Plastic Pipes segment while, simultaneously improving its market share in Water Storage Tanks segment. This momentous occasion marks a significant milestone in our commitment to innovation, excellence, and community development.

“Welspun Corp Limited is already successfully running its Line Pipe manufacturing operations in Madhya Pradesh and the current development will further strengthen our relationship. As we embark on this exciting journey, we extend our heartfelt gratitude to the government of Madhya Pradesh for their unwavering support and encouragement."