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RSWM inks pact to sell thermal power plant

15 Jul 2024 Evaluate

RSWM has entered into agreement with M/s Didwania Trading Company, Bhilwara. The agreement is for the sale of Thermal Power Plant (2 X 23 MW), which has now become cost-inefficient and redundant, for consideration amounting to Rs 48.01 crore plus applicable taxes.  

RSWM, incorporated in 1960 as Rajasthan Spinning & Weaving Mills, has business interests in areas of yarn, fabrics, garments and denim.


Peers
Company Name CMP
Vardhman Textiles 561.25
Welspun Living 222.95
Arvind 563.00
Raymond Lifestyle 691.45
K.P.R. Mill 1116.35
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