Business Update8 Sept 2025, 05:21 pm
RSWM Ltd Drops X740 Crore Greenfield Unit Project in Kathua Due to Non-Viability
AI Summary
RSWM Ltd has decided to drop the Greenfield Unit project at Kathua, Jammu, which was approved for approximately X740 Crores to manufacture Recycle PET Chips and Recycled Filament Yarn. The decision was made in view of the non-viability due to the current economic and geo-political situation. The company does not foresee the incentive/subsidies and other relevant approvals in the near future. The Board has approved to surrender the land allotted to the Company for the said project. This information was shared through a Resolution by Circulation at 05:01 P.M. and is also available on the company's website.
Key Highlights
- RSWM Ltd drops X740 Crore Greenfield Unit project in Kathua
- Project dropped due to non-viability in current economic and geo-political situation
- No foreseeable incentives or subsidies for the project
- Board approves surrender of land allotted for the project
- Information shared through Resolution by Circulation at 05:01 P.M.