RSWM rises on signing agreement with Adani Energy Solutions
RSWM is currently trading at Rs. 154.90, up by 1.05 points or 0.68% from its previous closing of Rs. 153.85 on the BSE.
The scrip opened at Rs. 155.35 and has touched a high and low of Rs. 155.40 and Rs. 151.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 222.00 on 17-Dec-2024 and a 52 week low of Rs. 125.10 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 157.50 and Rs. 151.00 respectively. The current market cap of the company is Rs. 729.61 crore.
The promoters holding in the company stood at 55.69%, while Institutions and Non-Institutions held 1.48% and 42.82% respectively.
RSWM has signed an agreement with Adani Energy Solutions (AESL), for supply of 60 MW of Renewable Energy. Under the agreement, AESL will manage the entire green power value chain for the additional power requirement of RSWM. Towards this, RSWM invested Rs 60 crore under the Group Captive Scheme with a renewable genco for the supply of 31.53 crore units of green power per annum to its manufacturing facilities across Rajasthan. With this addition, the contribution of renewable energy in RSWM’s total energy requirement will rise from the current 33% to 70% in the near future (two thirds of its total energy mix).
RSWM, the flagship company of LNJ Bhilwara Group, is one of the leading manufacturers and exporters of synthetic, cotton and blended spun yarns in India.
