RSWM Partners with Adani for 60 MW Renewable Energy Supply
Filing Summary
RSWM Ltd has entered into an agreement with Adani Energy Solutions Ltd (AESL) for the supply of 60 MW of renewable energy. RSWM will invest ₹60 crore under the Group Captive Scheme to secure 31.53 crore units of green power annually. This initiative will increase RSWM’s renewable energy usage from 33% to 70% of its total energy requirements. The collaboration aims to enhance RSWM’s sustainability efforts across its manufacturing facilities in Rajasthan. The agreement aligns with RSWM’s strategy to integrate renewable energy into its operations.
RSWM Ltd has announced a strategic agreement with Adani Energy Solutions Ltd (AESL) for the supply of 60 MW of renewable energy. This collaboration is part of RSWM’s efforts to increase its reliance on sustainable energy sources. Under the agreement, AESL will manage the green power value chain for RSWM’s additional power needs. The agreement is a significant step in RSWM’s sustainability initiatives, aiming to enhance its energy mix with renewable sources.
RSWM will invest ₹60 crore under the Group Captive Scheme to facilitate the supply of 31.53 crore units of green power annually. This investment is directed towards securing a substantial portion of RSWM’s energy requirements from renewable sources. The initiative will increase the contribution of renewable energy in RSWM’s total energy consumption from the current 33% to 70%. This shift is part of RSWM’s broader strategy to align its operations with sustainable practices.
The scope of the agreement includes AESL supplying green energy to RSWM’s multiple plant locations across Rajasthan. AESL will oversee the entire green power value chain, ensuring the delivery of renewable energy to RSWM’s manufacturing facilities. The project is designed to provide a reliable and sustainable energy source, contributing to RSWM’s operational efficiency and long-term energy security.
RSWM’s partnership with AESL is a strategic move to enhance its sustainability profile. The agreement reflects RSWM’s commitment to integrating renewable energy into its operations, aligning with global clean energy benchmarks. By sourcing a significant portion of its energy from renewable sources, RSWM aims to reduce its carbon footprint and enhance its sustainability credentials.
The implementation of this agreement will involve multiple stages, with AESL managing the supply of renewable energy to RSWM’s facilities. The project is expected to be operational in the near future, contributing to RSWM’s energy requirements and sustainability goals. Both companies are committed to ensuring the successful execution of this initiative.
Adani Energy Solutions Ltd is a key player in the energy sector, providing solutions across power transmission, distribution, and smart metering. The company focuses on delivering reliable and sustainable energy solutions to commercial and industrial sectors. AESL’s involvement in this project underscores its commitment to supporting industries in their transition to renewable energy sources.
RSWM Ltd, a leading textile manufacturer, is part of the LNJ Bhilwara Group. The company specializes in the production and export of synthetic, cotton, and blended yarns, as well as knitted and denim fabrics. RSWM is focused on embedding sustainability into its operations, with initiatives aimed at reducing environmental impact and enhancing energy efficiency.