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RMC Switchgears touches the roof on securing EPC and O&M contract worth Rs 201 crore

09 Oct 2024 Evaluate

RMC Switchgears is currently trading at its upper limit of Rs. 789.05, up by 37.55 points or 5.00% from its previous closing of Rs. 751.50 on the BSE.

The scrip opened at Rs. 789.05 and has touched a high and low of Rs. 789.05 and Rs. 745.00 respectively. So far 41250 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 1033.95 on 23-Aug-2024 and a 52 week low of Rs. 379.05 on 27-Mar-2024.

Last one week high and low of the scrip stood at Rs. 879.00 and Rs. 718.35 respectively. The current market cap of the company is Rs. 813.38 crore.

The promoters holding in the company stood at 52.93%, while Institutions and Non-Institutions held 3.52% and 43.55% respectively.

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’.


RMC Switch Share Price

454.00 21.60 (5.00%)
17-Apr-2026 16:59 View Price Chart
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