New Delhi, Nov. 18 -- Close to a decade after selling its renewables portfolio to Tata Power, billionaire B.K.Goenka's Welspun World has charted out its next big deal. This time, it has hired EY to sell a majority stake in Welspun New Energy, its clean-energy platform, for an equity value of around $100 million, according to two people aware of the development.

"The sale process has been launched," one of the two people cited above said, requesting anonymity. "The next step involves signing of non-disclosure agreements, post which the financial model and the information memorandum will be shared. After meeting the management for discussions, prospective investors will give their indicative proposals."

Welspun New Energy has 1.2GW of con...