RSWM Ltd update on expansion at Unit located at Banswara, Rajasthan

RSWM Ltd has inaugurated expansion of Unit located at Lodha Unit, Banswara, Rajasthan by addition of 51,072 Spindles of Compact Cotton Yarn and the same has been made partially operational w.e.f. today i.e. 2nd August, 2023.

The Total Spindle capacity of Lodha, Banswara Unit before expansion - 95,376 and 3,120 Open-end Rotors has increased to 4,94,680 and 4,800 Open-end Rotors.

The invetment of Rs. 315.00 Crore was funded through Term Loans from banks Rs.250.00 Crore and Internal Accruals Rs.65.00 Crore.

The expanded project will cater to increasing demand of cotton and cotton blended yarn from existing as well as prospective customers.

Shares of RSWM Limited was last trading in BSE at Rs. 197.85 as compared to the previous close of Rs. 201.60. The total number of shares traded during the day was 7190 in over 424 trades.

The stock hit an intraday high of Rs. 202.00 and intraday low of 196.35. The net turnover during the day was Rs. 1428385.00.

Source : Equity Bulls

Keywords

RSWM INE611A01016 Expansion Banswara