Welspun Living Approves Stake Transfer in WCPGL and Rs 121 Crore Modernization Capex for Anjar Facility
Welspun Living Limited (WLL) announced two significant corporate decisions, approving the transfer of its stake in Welspun Captive Power Generation Limited (WCPGL) to a promoter group entity and sanctioning a major capital expenditure project at its Anjar facility.The Board of Directors approved the transfer of WLL's 51% stake in WCPGL to Welspun Corp Limited (WCL), a company belonging to the promoter group. The total consideration for this acquisition was set at Rs 67.66 Crores. This transaction, which is intended to be completed by August 31, 2026, forms part of WLL's strategic push toward enhancing its use of renewable and green energy.
The stake transfer involves One Crore Fifty Lakh Sixty-Four Thousand Two Hundred and Thirteen equity shares of face value Rs 10/- each. The transaction is structured as a related party deal but will be executed on an arms length basis.
Following the completion of the stake sale, WCPGL will cease to be a Subsidiary of Welspun Living Limited and will transition to an Associate Company.
In addition to the strategic transfer, the Board approved a capital expenditure amounting to Rs 121 Crore for a De-bottlenecking and Modernization Project at the Anjar plant. This significant investment aims to replace existing technology with advanced systems, enabling WLL to better meet market demands and improve plant utilization.
The company has previously confirmed that the transmission line connecting the group captive power plant is operational, allowing WLL to receive renewable energy from the facility.
Financial Performance of WCPGL
Details regarding the financial performance of WCPGL as of March 31, 2026, are provided below:| Particulars (WCPGL) | Total Income (Rs in Crore) | Percentage Contribution to Company |
|---|---|---|
| Total Income | 123.28 | 1.30% |
| Turnover | 109.95 | 1.17% |
| Revenue | 109.95 | 1.17% |
| Net Worth | 196.00 | 4.11% |
Transaction and Ownership Details:
The acquisition of WCPGL by WCL is scheduled to be executed by August 31, 2026. Prior to the sale, Welspun Living held a 77% equity stake in WCPGL.
WELSPUNLIV Stock Price Movement
Welspun Living Limited shares slipped by 1.72% on Friday, closing at ₹162.00 after shedding ₹2.84 from the previous session’s close. The stock recorded a volume of 855,247 as it traded within the day's specified range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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