Welspun Renewables Receives $617 Million Infusion for its Green Energy Business

Published October 14th 2015 at 2:09pm
Welspun Energy 
Welspun Renewables has received another round of funding of USD 617 million. The investment has been through a combination of debt and equity infusion by the promoters, existing and new investors. 

Mr. Vineet Mittal, Vice Chairman Welspun Renewables said "WREPL's power plants are among the highest generating projects in the country and have been built ahead of committed timelines – thanks to our superior EPC capabilities. Being the leaders in this space, we have been setting benchmarks for the entire industry to follow. These deals continue to prove that renewable energy sector is a preferred investment choice and global players are willing to commit to help grow the industry. Just last year, two of the biggest international names – The Asian Development Bank and General Electric made significant investments in our operations. We are grateful for the support."

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