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20th September 2021, Mumbai:
Welspun India a global home textiles player looks at CAPEX of ₹ 800 crores over the next two years aiming to build capacity & capabilities, while stating firmly that there would be no-change to its financial guidance for the current financial year with regard to its Net Debt position which stands at ₹ 2400 crore for March 31, 2022.
Capex is envisaged around the capacity expansion of its home textiles and flooring businesses. As management contemplates the funds deployed would be by investing ₹ 656.5 crores on its home textiles business expansion during FY'22-23 also intend augmenting its towel manufacturing capacity on the back of strong order pipeline it continues to enjoy.
The management expects benefits of this Capex & slated expansions will start accruing in phases from Q1 FY'23 onwards and going
forward shall help to forge its future prospects.
