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Welspun New Energy Signs Agreement to Invest Rs 13,500-cr in Odisha

Welspun New Energy has signed an agreement with the Odisha government to invest Rs 13,500 crore in two major clean energy projects.

The investment will support the development of a 1,200 MW pumped hydro project and a 1,000 MW floating solar power project. These initiatives aim to enhance Odisha’s energy storage capacity, facilitate the integration of renewable energy into the grid, and contribute to India's goal of achieving 500 GW of renewable energy capacity by 2030.

This investment highlights the company’s commitment to green technology, innovation, and sustainability. Welspun World, the parent company, operates across multiple sectors, including steel, renewables, oil and gas, infrastructure, and line pipes. These projects mark a significant step in advancing clean energy adoption and boosting Odisha’s renewable energy landscape. 

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