Welspun Corp Limited — JV/Acquisition, 24-07-2026: Acquisition

Welspun Corp is acquiring an additional 51% stake in Welspun Captive Power Generation Ltd (WCPGL) for Rs 67.66 Cr. This strategic move increases Welspun Corp's total holding to 74%, making WCPGL a subsidiary. The acquisition's core rationale is to meet the company's power requirements, boosting operational efficiency through backward integration. WCPGL, a captive power generator with an annual turnover of approximately Rs 110 Cr, will now directly contribute to Welspun Corp's energy needs, promising enhanced synergy and cost management.