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RMC Switchgears secures Rs 90 crore LoA for solar pumps in Maharashtra

17 Dec 2024 Evaluate

RMC Switchgears has received a Letter of Acceptance (LoA) from a reputed system integrator for the supply, installation, and commissioning of 5,000 solar pumps in Maharashtra. Valued at Rs 90 crore (excluding taxes), the LoA comprises 3HP, 5HP, and 7HP solar pump systems and is slated for completion in FY25-26. This order represents a pivotal achievement for RMC, reinforcing its role in India’s transition to clean energy solutions. 

The announcement follows RMC’s recent decision to establish a state-of-the-art Solar Module Manufacturing Plant in Jaipur, Rajasthan, with an investment of Rs 100 crore. This backward integration strategy is aimed at reducing reliance on external suppliers and supporting the growing demand for solar modules in large-scale projects such as this solar pump initiative.

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
Peers
Company Name CMP
Havells India 1305.85
Siemens 3706.55
Apar Inds 11474.15
ABB India 7029.95
Waaree Energies 3471.45
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