Business Update4 Aug 2026, 03:01 pm
RMC Switchgears Receives ₹2.44 Cr Order from Telangana Power Distribution
AI Summary
RMC Switchgears Limited has announced the receipt of 12 Letters of Award (LOA) from Southern Power Distribution Company of Telangana Limited. The total value of these awards for the supply of LT Distribution Boxes amounts to ₹2,44,46,650. This significant order is expected to bolster the company's order book and contribute positively to its future revenue and growth. The execution period for these contracts is stipulated as 12 months after commencement. The company has confirmed that promoters or their group entities do not have any interest in the awarding entity, and these transactions do not fall under related party dealings.
Key Highlights
- Secured ₹2.44 Cr order for LT Distribution Boxes from Telangana Power.
- Order comprises 12 Letters of Award from a state distribution company.
- Expected to positively impact revenue and growth prospects.
- Execution timeline set at 12 months post-commencement.
- No promoter interest or related party transaction involved.
Price Impact
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