Welspun Corp has got the investment approval to set up a manufacturing unit.

The company's wholly owned subsidiary, Sintex BAPL, has got the Odisha government’s approval to its proposed investment of Rs 479.47 crore for setting up a manufacturing unit for CPVC, UPVC, SWR, agri pipes, PVC fittings and plastic tanks with an annual capacity of 37,520 MT in Sambalpur, Odisha, the company said in a statement.

The project is likely to be implemented over the next three fiscal years. The state-level single-window clearance authority (SLSWCA), under the guidance of the chief secretary at its 124th meeting, gave the nod to the project proposal of Sintex BAPL.

“Sintex is an iconic brand for its water tanks and we keep exploring growth options in existing and new locations. While our entire focus in WST is on re-energising retailers, distributors, plumbers and customers, our foray into PVC pipes segment will strengthen our presence into the building material verticals further,” BK Goenka, chairman of Welspun Group.