RMC Switchgears Secures Orders Worth ₹333.8 Crore from Paschim Gujarat VIJ Company Ltd
RMC Switchgears Limited has received 12 Letters of Award from Paschim Gujarat VIJ Company Limited totaling ₹333.8 crore. The contracts are for turnkey projects involving underground cable network conversions. Execution timelines range from 12 to 18 months. This significant order inflow is expected to boost the company's revenue and growth.
The total value of the orders received is substantial (over ₹333 crore), representing a material development for RMC Switchgears and is likely to have a significant positive impact on its financial performance and market position.
The announcement details the receipt of significant new orders, which is a positive development for the company's revenue and growth prospects.
RMC Switchgears Limited has announced the receipt of 12 Letters of Award (LOA) from Paschim Gujarat VIJ Company Limited, collectively valued at ₹3,33,79,70,307 (Three hundred thirty-three crore seventy-nine lakh seventy thousand three hundred seven only). These orders are for turnkey contracts involving site survey, designing, engineering, procurement, supply, installation, testing, and commissioning of underground cable networks and related infrastructure across various subdivisions in Gujarat.
The contracts are to be executed within specified timeframes, ranging from 12 to 18 months after a commencement period of 45 days. The detailed breakdown of the individual orders is as follows:
* Annexure 1: ₹36.11 crore * Annexure 2: ₹39.91 crore * Annexure 3: ₹19.09 crore * Annexure 4: ₹18.33 crore * Annexure 5: ₹26.73 crore * Annexure 6: ₹38.21 crore * Annexure 7: ₹13.72 crore * Annexure 8: ₹28.26 crore * Annexure 9: ₹41.23 crore * Annexure 10: ₹17.88 crore * Annexure 11: ₹35.98 crore * Annexure 12: ₹18.36 crore
The company stated that the receipt of these LOAs further strengthens its order book and is expected to contribute positively to its revenue and growth prospects. RMC Switchgears 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 high impact, which is the band that most often changes something.
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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.