New Delhi, Feb. 4 -- Welspun New Energy, the green energy infrastructure arm of Welspun World, has signed a Rs 13,500 crore Memorandum of Understanding (MoU) with Odisha government for projects in the eastern state.

The MoU was signed at the Make in Odisha Conclave 2025 in the presence of Chief Minister Mohan Charan Majhi, according to a statement from the company on Tuesday.

As part of the MoU, Welspun New Energy has committed investments for developing a 1,200 MW pumped hydro project and a 1,000 MW floating solar power project in Odisha.

These projects are expected to enhance the state's energy storage capacity and support the integration of renewable energy into the grid.

The MoU holds strategic significance as India pursues its am...