RSWM Ltd Approves Rationalization of Spinning Activities, Capex for Knitting Operations Upgradation, and Investment in Renewable Energy

RSWM Ltd has announced its decision to rationalize spinning activities at Chhata Unit, transferring usable spindles and accessories to other spinning plants, and disposing of surplus unusable machines in the market. The Board has also approved a capex of up to ₹ 92 Crores for upgradation and modernization of knitting operations at Mordi Unit and Chhata Unit. Additionally, the Company has granted in-principle approval for investment in Renewable Energy (Solar+Wind) capacity, with orders placed for 10 MW of behind-the-meter for captive power capex and discussions underway for 25 MW Renewable Energy with prospective parties.