Deals17 Dec 2024, 04:40 pm
RMC Switchgears Secures 90 Crore LOA for 5,000 Solar Pumps in Maharashtra
AI Summary
RMC Switchgears Limited has received a Letter of Acceptance (LOA) from a reputed system integrator for the supply, installation, and commissioning of 5,000 solar pumps in Maharashtra. The project, valued at 90 crore (excluding taxes), comprises 3HP, 5HP, and 7HP solar pump systems and is expected to be completed in FY25-26. This order aligns with RMC's broader vision of expanding its Solar EPC and IPP footprint while strengthening its position in India's renewable energy landscape.
Key Highlights
- RMC Switchgears has secured a 90 crore LOA for the supply, installation, and commissioning of 5,000 solar pumps in Maharashtra.
- The project comprises 3HP, 5HP, and 7HP solar pump systems and is expected to be completed in FY25-26.
- This order aligns with RMC's vision of expanding its Solar EPC and IPP footprint.
- The project is a significant step towards RMC's goal of contributing to India's renewable energy goals.
- RMC's recent decision to establish a state-of-the-art Solar Module Manufacturing Plant in Jaipur, Rajasthan, supports the growing demand for solar modules in large-scale projects.