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RMC Switchgears to set up Rs 100 crore solar products manufacturing in Jaipur

16 Dec 2024 Evaluate

RMC Switchgears is all set to exploit its manufacturing strengths to establish a state-of-the-art Solar Module Manufacturing Plant with an annual production capacity of 1 GWp and manufacture the Solar Module Mounting Structure with the same capacity at Badodiya Village, Chaksu Tehsil, Jaipur, Rajasthan. This ambitious project, with an estimated capital expenditure of Rs 100 crore, reflects the company’s commitment to strengthening its renewable energy capabilities and driving sustainable growth. 

The new facility will be located on land adjoining the company’s current operational plant, ensuring seamless integration and operational efficiency. The project's CAPEX will be financed through a prudent mix of internal accruals, equity, and debt, underscoring the company’s disciplined financial strategy. Both Plants are expected to be operational by July 2025, and commercial revenues are expected from August 2025.

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
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