STOCKWATCH

RMC Switchgears Secures ¥201 Crore Solar Power Contract in Maharashtra

RMC Switchgears Limited has been awarded a contract as the lead member of a consortium to undertake a solar power project aimed at solarizing agricultural feeders in Maharashtra. The contract, worth ¥201 crores (including GST), was secured through a competitive bidding process and an e-reverse auction. This marks a significant milestone for RMC Switchgears Limited as it expands its footprint in the renewable energy sector. The company is actively pursuing additional tenders exceeding 500 MWp and engaging with both public and private sector entities to achieve its ambitious goal of securing 1 GWp in renewable energy.

• RMC Switchgears Limited secured a ¥201 crore solar power contract in Maharashtra as the lead member of a consortium.
• The contract was awarded through a competitive bidding process and an e-reverse auction.
• The project aims to solarize agricultural feeders in Maharashtra.
• This contract marks a significant milestone for RMC Switchgears Limited in the renewable energy sector.
• RMC Switchgears Limited is actively pursuing additional tenders exceeding 500 MWp in the renewable energy sector.