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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.
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