RSWM Ltd Sells Thermal Power Plant for ₹48 Crore

In a strategic shift, RSWM Ltd has announced the sale of its Thermal Power Plant, which boasts a 2 X 23 MW capacity. This decision stems from the plant’s current cost inefficiency and redundancy within the company’s operational framework. The sale has been formalized with Mis. Didwania Trading Company, based in Bhilwara, for a consideration of ₹48.01 crore, excluding applicable taxes.

The divestment aligns with RSWM Ltd’s broader strategy to streamline operations and reallocate resources towards more core business areas. By offloading this asset, the company aims to enhance its financial performance and focus on areas with greater potential for growth.

This transaction signifies a pivotal move for RSWM Ltd, reflecting its commitment to adapting to market dynamics and improving operational efficiency. The company’s realignment underscores its dedication to optimizing asset management and reinforcing its core business priorities.

The sale of the Thermal Power Plant is expected to provide RSWM Ltd with a financial boost and operational flexibility, marking a significant step in its ongoing strategy to refine and enhance its business model in the evolving energy sector.

News by Rahul Yelligetti