
RMC Switchgears Secures ₹344.10 Cr Orders, Led by PGVCL Mandate
RMC Switchgears Limited has announced new order inflows totaling ₹344.10 crore. The significant portion of this comes from Paschim Gujarat Vij Company Limited (PGVCL), with 12 Letters of Acceptance (LOA) valued at ₹333.80 crore. These PGVCL contracts are for turnkey underground cabling projects across Bhavnagar, Jamnagar, Anjar, and Junagadh circles, involving site survey, design, engineering, supply, installation, testing, and commissioning. The projects are to be executed over 12 to 18 months. Additionally, RMC received orders worth ₹5.02 crore from Genus Power Infrastructures Limited for panel mounting structures, ₹2.84 crore from Jaipur Vidyut Vitran Nigam Limited for LT Distribution Kiosks, and a ₹2.44 crore LOI from Southern Power Distribution Company of Telangana Limited for LT Distribution Boxes. These new orders boost the company's unexecuted order book to approximately ₹1188 crore, with management expressing confidence in disciplined execution and positive contributions to revenue and growth.
Key Highlights
- Total new orders aggregate ₹344.10 crore.
- Largest order is a ₹333.80 crore underground cabling mandate from PGVCL.
- Unexecuted order book now stands at approximately ₹1188 crore.
- Orders are from domestic entities and not related party transactions.
- Expected to positively impact revenue and growth prospects.
Price Impact
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