Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Welspun Group May Invest $2.5 Billion in Renewables: PTI

Aug. 15 (Bloomberg) -- India’s Welspun Group plans to invest 150 billion rupees ($2.5 billion) over the next three years in clean-energy plants, the Press Trust of India reported.

Most of the money will go into building solar-power plants to boost the group’s renewable capacity by five times to 1,750 megawatts, PTI said, citing Welspun Group Chairman B.K. Goenka.

Welspun, whose businesses include home linens, industrial pipes and steel, is India’s biggest developer of photovoltaic plants. The Asian Development Bank bought a 25 percent stake in its solar unit in June.

To contact the reporter on this story: Natalie Obiko Pearson in New Delhi at npearson7@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Ana Monteiro, Randall Hackley

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.