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September 04,2026

Purvah Green to Acquire Welspun New Energy for Rs 2,500 Cr, Boosting Green Hydrogen

Purvah Green Power, the renewable arm of RP Sanjiv Goenka Group, is set to acquire Welspun New Energy for Rs 2,500 crore enterprise valuation, beating Macquarie in final negotiations. The deal gives Purvah access to WNEL's development pipeline, including 45 MW operating capacity, 245 MW hybrid project in Gujarat and 700 MW wind-solar-plus-storage pipeline.

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