The Rs 7000-cr textile to power conglomerate LNJ Bhilwara Group has announced a consolidation of its flagship textiles company RSWM, with merger of Cheslind Textiles Ltd and expansion of its plant at Kharigram unit. This takes the installed capacity of RSWM to 5.05 lac spindles and 4,800 rotors ´ one of the largest in the country ´ with production capacity of 132,000 tonne yarn annually. RSWM has eight manufacturing plants.
´We are pleased to announce the merger and strategic expansion of our Kharigram plant, which puts us in the front league of textiles companies in the country,´ said Riju Jhunjhunwala, Managing Director, RSWM. Giving out the details, Riju Jhunjhunwala said, ´The new SJ-11 is an expansion of RSWM´s Kharigram Unit in Rajasthan. It is a highly automated plant with an installed capacity of 51,840 spindles and production capacity of 17,000 million tonnes annually.´
ML Jhunjhunwala, President, RSWM, said ´This is a completely automated spinning mill where yarn is getting produced without human touch due to which top quality yarn is getting produced. The new operation strengthens efforts to generate economic prosperity and more jobs. Our commitment to the people of Rajasthan is unwavering and we only expect a steady growth in coming months and years.´
RSWM produces all types of spun yarn which is sold in domestic and international markets. Additionally, it has 154 looms and produces 17 million meter polyester viscose blended suiting´s annually which is marketed under the brand Mayur Suitings. It also produces denim fabrics on 86 looms with annual production of 16 million meters. It has 46 MW Thermal Power plants which gives uninterrupted power to its 8 manufacturing locations. The company has undertaken a focused programme to increase operational efficiency for increasing its bottom line.