Hi All,
I could do this in the following manner
Workbooks.Open Model_Template
Workbooks(Master_Template).Activate
Workbooks(Master_Template).Sheets("Master_Sheet").Select
Workbooks(Master_Template).Sheets("Master_Sheet").Copy before:=Workbooks(Model_Template).Sheets("Sheet1")
Workbooks(Model_Template).Sheets("Master_Sheet").Name = New_Name
Workbooks(Model_Template).Save
Workbooks(Model_Template).Close
Master_Template is the original template
Model_Template is the new file.
I used a while loop by which I could create 1272 new Excel Workbooks with the Master_template format but data content varying. It took some 30 minutes to create and populate the new 1272 Workbooks.