RSWM Ltd. (BSE: 500350 | NSE: RSWM), the flagship company of the LNJ Bhilwara Group, has announced a ₹92 crore investment to modernize and expand its LNJ Knits business through the acquisition of advanced machinery from Birla Advanced Knits Pvt. Ltd. The investment—funded through internal accruals and debt—aims to strengthen RSWM’s knitted fabric operations at its Mordi (Rajasthan) and Chhata (Uttar Pradesh) units.
The ₹92 crore outlay includes machinery worth ₹54 crore sourced from Birla Advanced Knits. The acquisition comprises high-end European-made dyeing, processing, and knitting equipment, along with accessories and spares, to boost productivity and product diversification.
Following the upgrade, the production capacity of LNJ Knits is projected to increase by 20 percent, from 750 metric tonnes to 900 metric tonnes per month, within the next six to nine months. The expansion will also introduce a new printed knits product line, enabling RSWM to serve the growing demand for value-added and fashion-oriented knit fabrics in both domestic and international markets.
“The knitting business has shown consistent growth since inception, and this investment reflects our confidence in its long-term potential,” said Mr. Riju Jhunjhunwala, Chairman, Managing Director & CEO of RSWM Ltd. “The expansion aligns with our strategy of building a future-ready textile enterprise through modernization, diversification, and value creation.”
Echoing the sentiment, Mr. Rajeev Gupta, Joint Managing Director, added: “By expanding capacity and introducing printed knits, we’re positioning RSWM’s knitting division to serve emerging fashion categories with agility and precision. This modernization will enhance productivity, quality, and speed-to-market, helping us meet the evolving needs of customers worldwide.”
The modernization marks a significant step in RSWM’s ongoing strategy to expand its presence in the high-growth knitted-fabrics segment, where the company already serves clients across more than 70 countries. The move is expected to help RSWM tap into rising demand for high-quality fabrics across kidswear, womenswear, and loungewear segments—sectors benefiting from evolving global fashion trends and India’s push for Free Trade Agreements.
With this investment, RSWM Ltd. aims to reinforce its position as a leading textile innovator and strengthen India’s standing in the global value-added fabric market.