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The Textile Magazine
August 2012
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45
The year 2011-12 was a mixed bag
for RSWM. The first three quarters
were tough and turbulent, but the
last quarter was most encouraging.
The damage done in the first three
quarters was relieved to an extent by
the last quarter.
The turnover of the company dur-
ing the year increased by 1.94 per
cent to Rs. 2,000.15 crores from Rs.
1,962.16 crores in 2010-11. This
growth was on account of higher
volume and better realisation. Ex-
ports touched Rs. 730.35 crores.
As part of its 50th years celebra-
tion, RSWM announced the ‘Lak-
shya 2016’ programme with a tar-
geted turnover of Rs. 4,500 crores
involving a capex of Rs. 1,500
crores in a phased manner to be
achieved by 2016. The first phase
of the programme has already been
undertaken involving a capex of Rs.
355 crores.
The programme consists of ex-
pansion of capacity by 51,840 spin-
dles for producing synthetic yarns,
10,632 spindles and 2,400 open-end
rotors for making cotton yarn, as
well as expansion of weaving capac-
ity with matching spinning facility
to increase denim fabric manufac-
turing capacity by 2.7 million me-
tres. Of the proposed expansion, in-
stallation of 1,440 rotors and denim
fabric manufacturing capacity have
been completed successfully during
the year under review. In carrying
out these investments, the company
continues to benefit from the Tech-
RSWM is a leading manufacturer of synthetic and blended
spun yarn, polyester viscose fabric and denim fabric. It is
also one of the largest exporters of synthetic yarn from
India and has a commanding position in the domestic
market too. The company has its presence in the cotton
yarn spinning and fabric processing segments.
Mr. Arun Churiwal, Managing Director
corporate