Try GOLD - Free
Welspun to sell majority in clean energy firm, hires EY
Mint Kolkata
|November 18, 2025
Company targets equity value of $100 million for stake in Welspun New Energy
Welspun New Energy has 1.2 GW of contracted capacity.
(BLOOMBERG)
Close to a decade after selling its renewables portfolio to Tata Power, billionaire B.K.Goenka’s Welspun World has charted out its next big deal. This time, it has hired EY to sell a majority stake in Welspun New Energy, its clean-energy platform, for an equity value of around $100 million, according to two people aware of the development.
“The sale process has been launched,” one of the two people cited above said, requesting anonymity. “The next step involves signing of nondisclosure agreements, post which the financial model and the information memorandum will be shared. After meeting the management for discussions, prospective investors will give their indicative proposals.”
Welspun New Energy has 1.2GW of capacity. Of this, 866 mega watt (MW) is contracted with state-run NTPC Ltd, Solar Energy Corporation of India (Seci) and Gujarat Urja Vikas Nigam Ltd. The company also has 3.1GW of projects under development that have transmission connectivity.
This story is from the November 18, 2025 edition of Mint Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Kolkata
Mint Kolkata
Do pre-IPO gains get long-term tax status?
I live in Australia and I own shares in a Indian company which got recently listed. I invested about 1.5 years back when it was not listed. When I sell the shares now, will it be considered as shortor long-term gains? —Name withheld on request
1 mins
November 18, 2025
Mint Kolkata
Advent, Warburg join Encube race; promoters may sell stake
Global private equity firms Advent International and Warburg Pincus have joined the race for a stake purchase in contract drug maker Encube Ethicals Pvt.Ltd, three people aware of the development said.
1 mins
November 18, 2025
Mint Kolkata
NBFCs go easy on MSMEs as bad loans begin to bite
Top NBFCs turn cautious as weakness in MSME sector reflects in repayments
2 mins
November 18, 2025
Mint Kolkata
Infosys rolls out Al-first GCC model
T major Infosys on Monday introduced an AI-first model aimed at speeding up the establishment and transformation of global capability centres into AI-driven hubs that promote innovation and growth.
1 min
November 18, 2025
Mint Kolkata
Should we give up on climate action? The answer is still ‘no’
The progress made so far shows that it’s anything but a lost cause
3 mins
November 18, 2025
Mint Kolkata
Welspun to sell majority in clean energy firm, hires EY
Company targets equity value of $100 million for stake in Welspun New Energy
2 mins
November 18, 2025
Mint Kolkata
China, India throw oil a lifeline as global glut looms
Global oil markets may be dominated by concerns about a glut, but producers have found some support in buying from China and India, spurred by awave of US sanctions on Russian energy.
1 mins
November 18, 2025
Mint Kolkata
TOXIC AIR ISN'T JUST A HEALTH CRISIS, IT HITS YOUR WALLET
Last Tuesday morning, my friend called from Gurugram. “Tm taking my daughter to the hospital again,” he said, voice heavy with worry. “Third time this month.” His seven-year-old had been coughing through the night—another respiratory infection triggered by Delhi-NCR’s toxic air.
2 mins
November 18, 2025
Mint Kolkata
Thiel’s fund sold entire Nvidia stake last quarter
Peter Thiel’s hedge fund Thiel Macro LLC sold off its holdings in Nvidia Corp. during the third quarter, marking another retreat from the leading provider of artificial-intelligence chips.
1 min
November 18, 2025
Mint Kolkata
A. Vellayan, known for visionary bets, passes away at 72
His friends and peers called Arunachalam Vellayan (72), former chairman of Murugappa group who passed away in Chennaion Monday, a man with a high level of business acumen and an ability to see the future.
1 mins
November 18, 2025
Listen
Translate
Change font size