Deals17 Sept 2025, 10:07 am
RMC Switchgears Receives LOI of INR 59.12 Crores from JVVNL for Distribution Infrastructure Development
AI Summary
RMC Switchgears Limited has received a Letter of Intent (LOI) amounting to INR 59,12,44,356.07 from Jaipur Vidyut Vitran Nigam Limited (JVVNL) for executing the works relating to Development of Distribution Infrastructure Work for Segregation of 11 KV mixed feeders at Tonk Circle of Jaipur Discom of Rajasthan State under Revamped Reforms-based and Results linked, Distribution Sector Scheme (RDSS) on a turnkey basis. This LOI strengthens the company's order book and is expected to contribute positively to the company's revenue and growth prospects.
Key Highlights
- RMC Switchgears Limited received an LOI from Jaipur Vidyut Vitran Nigam Limited (JVVNL) for INR 59,12,44,356.07.
- The LOI is for executing works related to Distribution Infrastructure for Segregation of 11 KV mixed feeders at Tonk Circle of Jaipur Discom of Rajasthan State.
- The work is under Revamped Reforms-based and Results linked, Distribution Sector Scheme (RDSS) on a turnkey basis.
- This LOI strengthens the company's order book and is expected to contribute positively to the company's revenue and growth prospects.
- RMC Switchgears Limited will update the Stock Exchange on further material developments as required.