RMC Switchgears soars on getting LoIs worth Rs 200.87 crore

RMC Switchgears Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 540358 | NSE: RMC

03 Feb 2026 Evaluate

RMC Switchgears is currently trading at Rs. 414.00, up by 30.05 points or 7.83% from its previous closing of Rs. 383.95 on the BSE.

The scrip opened at Rs. 410.00 and has touched a high and low of Rs. 420.00 and Rs. 390.00 respectively. So far 57625 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 998.00 on 03-Feb-2025 and a 52 week low of Rs. 300.00 on 14-Jan-2026.

Last one week high and low of the scrip stood at Rs. 420.00 and Rs. 350.00 respectively. The current market cap of the company is Rs. 436.77 crore.

The promoters holding in the company stood at 52.09%, while Institutions and Non-Institutions held 3.09% and 44.82% respectively.

RMC Switchgears has received Letters of Intent (LoIs) amounting to Rs 200.87 crore inclusive of all taxes. The company has received Letter of Intent for executing the works relating to Development of Distribution Infrastructure Work for Segregation of 11 KV mixed feeders at Dholpur Circle of Jaipur Discom of Rajasthan State under Revamped Reforms- based and Results linked Distribution Sector Scheme (RDSS) on turnkey basis against RFP JVVNL/RDSS/INFRA/FS/TN-610. The size of order is Rs 116.49 crore.

The company has also received Letter of Intent for executing the works relating to Development of Distribution Infrastructure Work for Segregation of 11 KV mixed load feeders at Jhalawar Circle of Jaipur Discom of Rajasthan State under Revamped Reforms- based and Results linked Distribution Sector Scheme (RDSS) on turnkey basis against RFP JVVNL/RDSS/INFRA/FS/TN-612. The size of order is Rs 84.38 crore.

The receipt of these LoIs further strengthens the Company’s order book and is expected to contribute positively to the Company’s revenue and growth prospects.

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

449.05 -5.60 (-1.23%)

08-May-2026 16:59 View Price Chart

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