Sintex, a household name in water tanks that earlier this year became a part of the diversified Welspun Group, will be setting up a manufacturing unit in Telangana with an investment of ₹350 crore.
“The unit will manufacture tanks, pipes, auto components and ancillaries with an investment of ₹350 crore and generate employment for 1,000 people,” Industries and IT Minister K.T. Rama Rao said in a post on X (formerly Twitter) on Saturday.
The Minister and Welspun Group chairman B.K. Goenka will be laying the foundation stone for the Sintex manufacturing plant at Chandanvelly in Rangareddy district on September 28, Mr. Rao’s office said in a release.