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RSWM planning to invest Rs 330 crore in capex in FY22

12 Nov 2021 Evaluate

RSWM is planning to invest Rs 330 crore in capital expenditure (capex) over the current financial year (FY22), to continue its growth trajectory and stronger financial performance. The investment allocation will support the expansion of the denim fabric manufacturing capacity, cotton melange yarn manufacturing capacity and modernisation across all units. The company is looking forward to continued robust business performance in the third quarter of 2021-22, as consumer sentiments and market confidence improved due to increasing vaccination.

RSWM is a leader in the domestic and international textile industry. It understands its customers’ and its planet's needs all the same.

Peers
Company Name CMP
Vardhman Textiles 560.40
Welspun Living 222.60
Arvind 552.00
Raymond Lifestyle 690.00
K.P.R. Mill 1110.65
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