The company said its board of directors decided to drop the project as it was no longer viable, with incentives, subsidies and other approvals unlikely to materialise in the near future. The shares of RSWM Ltd ended 3% in the green in the session on Monday, September 8. The stock has fallen 17.78% in the year so far.
The company said its board of directors decided to drop the project as it was no longer viable, with incentives, subsidies and other approvals unlikely to materialise in the near future. The decision was taken through a resolution by circulation on September 8.
In line with the move, RSWM will surrender the land that had been allotted for the project.
The company had announced the project in August 2024 as part of its expansion strategy. However, changing market conditions and uncertainties prompted the board to review its feasibility.
The shares of RSWM Ltd ended 3% in the green in the session on Monday, September 8. The stock has fallen 17.78% in the year so far.
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(Edited by : Shoma bhattacharjee)
First Published: Sept 8, 2025 6:32 PM IS
