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RMC Switchgears secures EPC and O&M contract worth Rs 201 crore

09 Oct 2024 Evaluate

RMC Switchgears has been awarded a contract as the lead member of a consortium. The consortium will undertake solar power project aimed at solarizing agricultural feeders in Maharashtra. The contract was awarded through a competitive bidding process and an e-reverse auction, marking a significant milestone for RMC Switchgears as it expands its footprint in the renewable energy sector.

The consortium has secured three separate EPC contracts cum 3 years O&M contracts in the Ahmednagar district of Maharashtra with consolidated order value of Rs 201 crore (including GST). These new orders not only reinforce RMC Switchgears’ role in advancing renewable energy but also significantly contribute to India's climate action commitments under the Paris Agreement. 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.

By collaborating with installation and commissioning experts across multiple states and leveraging its in-house team of skilled designers and supervisors, RMC is positioning itself at the forefront of the green energy revolution. The company's expansion into solar projects helps reduce carbon emissions, fosters economic growth, and creates green jobs, thereby contributing to India's goal of achieving 450 GW of renewable energy capacity by 2030.

RMC Switchgears is primarily engaged in the business of ‘Switchgear Engineering’, ‘ECI contracts for power distribution / transmission sector’ and ‘PVC Marble and Sold Surface’.


Peers
Company Name CMP
Waaree Energies 2491.80
Apar Industries 17767.45
Havells India 1095.00
Suzlon Energy 40.78
Siemens 3874.65
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