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RMC Switchgears inks MoU with Government of Rajasthan

11 Nov 2024 Evaluate

RMC Switchgears has signed Memorandum of Understanding (MoU) with the Government of Rajasthan to establish the state's first-of-its-kind 1000 MW Ultra Mega Solar Park with integrated battery storage. This groundbreaking project, located in Jaipur, marks a major milestone in the company's strategic expansion into renewable energy and will play a key role in achieving the company's growth objectives.

This project will take 2-3 years to execute and will play a part in meeting the company's target of implementing around 1 GW greenfield projects, with a blend of EPC & IPP arrangements, but also serves as a significant contributor towards the Vision 2030 goal of becoming a Rs 5,000 crore enterprise. Once fully implemented, this enabling MoU will help the company meet its 1 GW milestone, highlighting the company's capability and commitment to executing large-scale renewable energy projects, which aligns snugly with India's ambitious green energy goals.

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 15:40 View Price Chart
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Company Name CMP
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