Welspun New Energy Ltd. Information

Welspun New Energy Limited (WNEL) is an emerging green energy infrastructure developer, with a strong focus on establishing large-scale renewable energy and green hydrogen projects. The company is part of Welspun World, one of India's fastest growing conglomerates, with presence in diverse sectors such as home textiles, pipes & steel, building materials, infrastructure and logistics. Welspun World has presence in 50+ countries globally, with a cumulative turnover of over USD 5 billion. Welspun has always been significantly committed to develop sustainable value propositions and uphold the highest ESG standards. The Group was one of the first organizations in India to pioneer the Renewable Energy industry. Welspun Energy Limited, part of the Welspun World until 2016, was one of India’s largest renewable energy companies with a Giga-Watt scale Renewable Energy portfolio. The portfolio, which was 88% operational, was acquired by Tata Power in 2016. Benefitting from being a part of the financially strong Welspun World as well as the Group’s accomplishments in the renewable energy business, WNEL has already made significant strides towards its goals by securing resources and capabilities for large projects in India. The company has chalked out plans to build a portfolio of 5 GW Renewable Energy and 2 million tons of Green Hydrogen and its derivatives by 2030, in line with India’s energy transition ambitions and Net Zero goal.