RSWM Limited , a prominent player in the textile industry, has taken a significant step towards sustainable energy adoption by entering into strategic investment agreements with two Adani Group companies. The deals, signed with Adani Solar Energy Jodhpur Six Limited (ASEJo6L) and Adani Renewable Energy Forty One Limited (ARE41L), aim to secure a total of 60 MW of solar-wind hybrid power for RSWM's operations.

Key Highlights of the Agreements

• Renewable Energy Capacity: RSWM has secured 60 MW of solar-wind hybrid power, a substantial increase from the initially planned 25 MW.
• Investment Structure: RSWM will subscribe to a minimum of 26% of the proportionate equity share capital related to the projects of both ASEJo6L and ARE41L.
• Compliance: The investment is designed to meet the Minimum Captive Shareholding requirements as per the Captive Rules.

Investment Details

Implications and Outlook

This move by RSWM aligns with the growing trend of industrial consumers opting for green energy solutions. By partnering with Adani Group's renewable energy arms, RSWM is positioning itself to:

1. Reduce its carbon footprint
2. Potentially lower long-term energy costs
3. Comply with evolving environmental regulations

The investment in these projects also demonstrates RSWM's commitment to sustainable business practices, which may enhance its appeal to environmentally conscious investors and customers.

While the financial details of the investment have not been disclosed, the strategic nature of these agreements suggests a significant long-term commitment to renewable energy by RSWM.

As the renewable energy sector in India continues to grow, such partnerships between industry leaders and green energy providers are likely to become more common, driving the country's transition towards a more sustainable energy future.

Note: The investment agreements do not fall under related party transactions, and RSWM currently holds no shares in the Adani entities involved.

RSWM Limited , a prominent player in the Indian textile industry, has announced a significant move into the renewable energy sector. The company's board has approved an investment of ₹600 million for a 60MW renewable energy project, marking a substantial expansion of its green energy portfolio.

Key Highlights of the Investment

• Investment Amount: ₹600.00 million (₹60.00 crore)
• Project Capacity: 60MW renewable energy (Solar + Wind)
• Implementation Timeline: Within 30 days
• Financing Method: Internal accruals and/or debt

Revised Renewable Energy Strategy

RSWM had initially planned to secure 25MW of renewable energy on a green open access basis. However, in a board meeting, the company decided to more than double this capacity to 60MW. This decision reflects RSWM's commitment to sustainability and its confidence in the renewable energy sector.

Current and Future Renewable Energy Capacity

Strategic Implications

This investment is expected to play a crucial role in RSWM's sustainability strategy. The company stated that this move "shall help Company to achieve sustainability goals by shifting maximum possible power demand through Renewable Energy Sources."

Corporate Actions

As part of this initiative, RSWM has executed an Amendment Agreement to the Power Supply and Management Agreement with Powerpulse Trading Solutions Limited. The company has indicated that further agreements related to this project may be announced in due course.

This strategic investment not only positions RSWM as a forward-thinking player in the textile industry but also aligns with the growing trend of corporate India embracing renewable energy solutions. As the project unfolds, it may impact RSWM's operational efficiency and environmental footprint.