Board of Welspun India approves capital investment of Rs 600 cr

At meeting held on 15 November 2016

Welspun India announced that the Board of the Company at its Board Meeting held on 15 November 2016, had approved the capital investment of Rs. 600 crore in flooring solutions i.e., manufacturing of world class carpets, rugs etc. This investment will benefit from synergies arising from the Company's existing product line and customer base. The capex will be done over 18 months spread over FY18 & FY19.

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