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The Economic Times

Economy / The Economic Times

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Goenka Groups Purvah Green Power to acquire Welspun New Energy for 2,500 cr

Purvah Green Power is set to acquire Welspun New Energy for approximately 2,500 crore. This acquisition will provide Purvah access to Welspun's renewable energy development pipeline. Purvah aims to build a 10 GW green power portfolio through various projects. Welspun New Energy is targeting 5 GW of renewable capacity by 2030. The deal marks Welspun's second major renewable energy asset sale in a decade.

4 Sep 2026 5:30 am