India, Oct. 14 -- RSWM Ltd, the flagship company of the LNJ Bhilwara Group, has announced a Rs 92 crore investment (funded through internal accruals and debt) to modernize and expand its knitted fabrics production and printing facilities.
The investment includes the acquisition of advanced machinery worth ?54 crore from Birla Advanced Knits Pvt. Ltd., comprising European-made dyeing, processing, and knitting equipment with accessories and spares, to be installed at RSWM's LNJ Knits units in Mordi (Rajasthan) and Chhata (Uttar Pradesh).
The expansion will boost knitting capacity by 20%, from 750 MT to 900 MT per month over the next 6–9 months, and introduce a printed knits product line, enabling RSWM to cater to the 30–35% fash...