RSWM Ltd to Upgrade and Modernize Knitting Operations with Rs. 54.11 Crores Investment

RSWM Ltd has entered into an agreement with M/s Birla Advanced Knits Private Limited for the purchase of their Dying, Processing and Knitting Machinery along with accessories and spares. The investment of Rs. 54.11 crores is aimed at upgrading and modernizing the knitting operations at Mordi Unit and Chhata Unit. The proposed capacity addition is expected to improve the knitting business capacity by 20%, i.e., from 750 MT/Month to 900 MT/Month within 6 months. This investment will enhance the overall knitting capacity of the Company, including the addition of a printing facility, which is crucial to cater to the demands of garment manufacturers in India and abroad. The FTA and improving product mix are expected to enhance growth opportunities as the Company would be able to offer a complete range of products mix to the customers, thereby improving the overall capacity utilization of the Company.