RMC Switchgears Secures ₹23.6 Crore Solar Pump Contract from MAHAVITRAN
RMC Switchgears Limited received Letters of Award (LOA) from MAHAVITRAN worth ₹23.63 crore. The contract is for supplying, installing, and maintaining solar water pumping systems across Maharashtra for five years under the PM KUSUM B SCHEME.
The order value of ₹23.63 crore is substantial and is expected to positively impact the company's revenue and order book, indicating a medium-term growth driver.
The announcement of receiving a significant order from a government entity like MAHAVITRAN is a positive development for the company, expected to boost revenue and growth.
RMC Switchgears Limited has announced the receipt of Letters of Award (LOA) from MAHAVITRAN - Maharashtra State Electricity Distribution Co. Ltd. The total value of these awards amounts to ₹23,63,74,211 (Twenty-Three Crores Sixty-Three Lacs Seventy-Four Thousand Two Hundred Eleven Rupees).
The contract involves the design, manufacture, supply, transport, installation, testing, and commissioning of Off-Grid DC Solar Voltaic water Pumping Systems (SPWPS) with 3 HP, 5 HP, and 7.5 HP capacities. These systems are to be installed at identified farmer sites in the District of Maharashtra.
The scope of work also includes a complete system warranty, repair, and maintenance, along with a Remote Monitoring System (RMS) for a period of 5 years. This project is part of the “Magel Tyala Saur Krushi Pump” Yojna, under the PM KUSUM B SCHEME.
The company stated that the receipt of this LOA strengthens its order book and is expected to contribute positively to its revenue and growth prospects. RMC Switchgears Limited will provide further updates on material developments as required.
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RMC Switchgears Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by RMC Switchgears Limited. Read the original for the full detail.