Sintex – BAPL has finalized an investment of approximately INR 2,355 crore to set up manufacturing units in Telangana, Odisha, Madhya Pradesh and Jammu & Kashmir for manufacturing plastic pipes and water storage with a total capacity of approximately 2,00,000 MT.

Mar 27, 2024

Sintex – BAPL, a wholly owned subsidiary of Welspun Corp Limited, has decided to invest approximately INR 2,355 crore to set up manufacturing units in Telangana, Odisha, Madhya Pradesh and Jammu & Kashmir. The project will be funded through a combination of debt and equity and is planned to be invested across two upcoming financial years, spanning between FY25 and FY26. The planned investment underscores the company’s plan to leverage and enter into different types of plastic pipe segments.

With the planned investment, the company will be ready to cater to the growing demand in the water storage and distribution segment as it plans to manufacture plastic pipes and water storage with a total capacity of approximately 2,00,000 MT. 

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Mr. BK Goenka, Welspun Group Chairman, said, “I am glad to share that on the first anniversary of our acquisition of Sintex BAPL, we have finalised the next phase of growth for Sintex. Over the past 50 years, Sintex has been at the forefront in providing water solutions. Along with improving existing business, foray into new product segments in new locations will further strengthen Sintex brand equity and our B2C market strategy. Recent signing of framework agreement with Rollepaal Pipe Extrusion Technology B.V. ensures our commitment towards superior technology. I strongly believe that our strategic move in Sintex will help in creating substantial value for our stakeholders.”