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VLXX
http://www.welspunrenewables.com/Last activity: 25.07.2020
Probably Closed - Reference to Dan.com
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Overview
Location
India, Delhi, New Delhi
Employees
501-1000
Total raised
$617M
Founded date
2009
Funding Rounds 1
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
Mentions in press and media 9
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Mar 12, 2018 | Welspun gets Rs 135-cr loan for Solapur project | Welspun Energy said that it has tied up the loan requirement of Rs 135 crore for its 20-MW solar project in Maharashtra. The debt equity ratio is 75:25. The project, to come up at Solapur, will be implemented through its step-down subsidiar... |
| Mar 12, 2018 | Welspun secures Rs 630-cr funding for 126 MW Rajasthan wind project | Buys Gamesa, GE machines for project Welspun Renewables Energy has secured Rs 630 crore of debt funding from a consortium of financial institutions for its 126 MW wind project in the Pratapgarh district of Rajasthan. The company is buying G... |
| Oct 13, 2015 | Welspun Renewables Receives $617M in Funding | Welspun Renewables, an Indian renewable energy generator, received $617m in second funding. GE has provided the funding, which was generated through a sum of $405m debt, $165m in equity and $47m in line of credit. Led by Balkrishna Goenka, ... |
| Jun 20, 2014 | Asian Development Bank to invest $50M in Welspun Renewables | Multilateral development finance agency Asian Development Bank (ADB) has signed an agreement to make an equity investment of $50 million in Welspun Renewables Energy Ltd, according to project documents posted on the ADB’s website. While the... |
| Apr 25, 2014 | GE Energy Financial invests $24M in Welspun Renewables’ Neemuch solar project | GE Energy Financial Services, an arm of American multinational conglomerate General Electric, has agreed to invest $24 million in a 151 (DC)-megawatt solar photovoltaic power project built by Welspun Renewables Energy Private Limited in Nee... |
| Jun 30, 2011 | Apollo Global to invest Rs 2,250 cr in Welspun group | Rs 1,305 cr to be ploughed into Welspun Corp Private equity firm Apollo Global Management will invest Rs 2,250 crore in Welspun group companies. Touted to be its biggest investment in India, funds affiliated with Apollo will invest Rs 1,305... |
| Jun 29, 2011 | Apollo to invest Rs 2,250 crore in Welspun Group | B.K. Goenka-owned Welspun today said private equity firm Apollo will invest Rs 2,250 crore in its group firms, a move that will help it to consolidate its place further in the global oil and gas pipe market. Apollo will invest Rs 1,305 cror... |
| Jun 29, 2011 | Apollo To Invest Up To Rs 2,250Cr In Welspun Group | Private equity major Apollo Global Management is investing up to $494 million (Rs 2,250 crore) in three companies of BK Goenka-promoted Welspun Group – a $3 billion group which has diversified interests in various segments, from pipelines t... |
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FAQ about VLXX
When was VLXX founded?
VLXX was founded in 2009.
How much funding has VLXX raised?
VLXX has raised $617M in total across 1 funding round.
What has the press written about VLXX?
Parsers VC has collected 9 articles mentioning VLXX, among them “Welspun gets Rs 135-cr loan for Solapur project” (Mar 12, 2018) and “Welspun secures Rs 630-cr funding for 126 MW Rajasthan wind project” (Mar 12, 2018).
Is VLXX still active?
VLXX is probably closed: its latest activity on Parsers VC dates from Jul 25, 2020.