1. GreenPET bottle-to-bottle plant - The ₹427 crore Ratlam facility (50,000 MT/year food-grade rPET) is funded and under construction, with trials in Q4 FY27 and commercial production expected Q1 FY28. Management targets ₹475-500 crore revenue at roughly 15% industry EBITDA margins, adding a second earnings leg comparable to current annual revenue of ₹4,545 crore.
2. Renewable energy savings - The 60 MW Adani group captive agreement (₹60 crore invested) plus 10 MW behind-the-meter solar now covers 70% of power consumption, with savings of ₹1-1.5 per unit locked in. Management targets \~₹40 crore annual power cost savings - over 13% of FY26 EBITDA of ₹301 crore - with full-year impact from FY27.
3. Denim garmenting JV - The ₹186 crore LNJ NDS9 Global facility (74% RSWM-owned, JV agreement executed 11 Aug 2026) starts with 5 lakh pieces/month capacity, open to external fabric suppliers. This moves RSWM from fabric to finished garments, capturing the value-add the India-UK FTA is expected to unlock.
4. Modernisation capex programme - The ₹55 crore FY26 budget (similar levels expected for 2-3 years) targets 12-24 month paybacks, replacing old assets and shifting 20,000 spindles from grey to dyed yarn. FY27 is positioned as "a year of monetisation, not capital outlay," so cash flow should rise as paybacks land.
5. Graphene fibre development - Graphene-based fibre development with Birla Cellulose is on track, with one product round received and management expecting to "get it rolling" within FY27. This opens a premium smart-textiles segment across polyester and viscose yarns, differentiating RSWM from commodity spinners.