RSWM Partners With Adani Energy Solutions To Source 70% Of Power From Renewables
Textile giant RSWM Ltd. has signed an agreement with Adani Energy Solutions Ltd. to source 60 MW of renewable energy for its manufacturing units across Rajasthan.
With an investment of Rs 60 crore under the Group Captive Scheme, the partnership will supply over 31 crore units of green power annually, boosting RSWM's renewable energy share from 33% to 70%. AESL will supply 60 MW of green energy to RSWM's multiple plant locations
AESL will manage the entire green power value chain for the additional power requirement of RSWM Ltd.
Kandarp Patel, chief executive officer of Adani Energy Solutions Ltd, said that “with an equity investment of Rs 60 crores, it's a milestone in our sustainability journey, aligning with global clean energy benchmarks and emphasising our commitment towards the noble cause."
"By sourcing 70% of our total energy requirement from renewable sources— well above the national average of India's clean energy mix i.e. 31% - RSWM continues to set industry benchmarks in responsible energy transition," Riju Jhunjhunwala, CEO of RSWM, said.
AESL's C&I vertical serves bulk electricity users with customised energy solutions. AESL helps businesses across sectors meet both operational and sustainability needs. The company is targeting a C&I portfolio of 7,000 MW over the next five years.
AESL, part of the Adani portfolio, is a multidimensional organisation with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions.
AESL is the country's largest private transmission company, with a presence across 16 states of India and a cumulative transmission network of 26,705 ckm and 97,236 MVA transformation capacity.
In its distribution business, AESL serves more than 12 million consumers in metropolitan Mumbai and the industrial hub of Mundra SEZ. AESL is ramping up its smart metering business and is on course to become India's leading smart metering integrator with an order book of over 22.8 million meters.
RSWM, the flagship company of LNJ Bhilwara Group, is one of the leading manufacturers and exporters of synthetic, cotton and blended yarns, melange yarns, knitted & denim fabric in India.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
