"Sintex Ventures into Madhya Pradesh with Cutting-Edge Manufacturing Facility"

Sintex Advance Plastics Limited (SAPL), a step-down subsidiary of Welspun Corp Limited, has proposed the establishment of a manufacturing facility for plastic pipes and water storage tanks in Madhya Pradesh, with an approximate investment of Rs. 400 crore. The project aims to be implemented over the next six quarters and is anticipated to generate job opportunities for approximately 350 individuals.

The virtual ground-breaking ceremony for the proposed facility took place in the presence of Dr. Mohan Yadav, Hon'ble Chief Minister of Madhya Pradesh, and Mr. Vipul Mathur, MD & CEO of Welspun Corp Ltd, during the 'Invest MP Regional Industry Conclave' held in Ujjain, Madhya Pradesh.

Commenting on this significant development, Mr. Vipul Mathur, MD & CEO of Welspun Corp Limited, stated, "As part of our strategic initiatives, Sintex has announced its expansion into the plastic pipes segment while concurrently enhancing its market presence in the water storage tanks segment. This milestone marks a significant stride in our commitment to innovation, excellence, and community development. Welspun Corp Limited has already established successful line pipe manufacturing operations in Madhya Pradesh, and this new development will further bolster our partnership with the state. We extend our sincere appreciation to the government of Madhya Pradesh for their steadfast support and encouragement as we embark on this exciting venture."

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