RMC Switchgears Secures Orders Worth ₹344.10 Crore, Led by PGVCL Cabling Mandate
RMC Switchgears secured new orders aggregating ₹344.10 crore. A major portion, ₹333.80 crore, comes from PGVCL for underground cabling conversion. Other orders include ₹5.02 crore from Genus Power and ₹2.84 crore from Jaipur Vidyut Vitran Nigam. The company's unexecuted order book now stands at approximately ₹1188 crore.
The substantial order value of ₹344.10 crore, especially the large underground cabling mandate, represents a significant boost to the company's order book and future revenue streams, indicating a high impact on its business.
The announcement details significant new order wins, particularly a large mandate from PGVCL, which strengthens the company's order book and is expected to contribute positively to revenue and growth prospects.
RMC Switchgears Limited has announced receiving new orders totaling ₹344.10 crore. The most significant order is a set of 12 Letters of Acceptance (LOA) from Paschim Gujarat Vij Company Limited (PGVCL) valued at ₹333.80 crore. These LOAs are for turnkey contracts involving site survey, design, engineering, procurement, supply, installation, testing, and commissioning of underground cabling networks. Specifically, the scope includes converting existing 11 kV HT and LT lines to an underground cable network with a Ring Main System, including GIS Mapping and asset tagging under the SI Scheme.
The PGVCL orders are distributed across four circles: Bhavnagar Circle (9 packages, ₹251.21 crore), Jamnagar Circle (1 package, ₹35.98 crore), Anjar Circle (1 package, ₹28.26 crore), and Junagadh Circle (1 package, ₹18.36 crore). These projects are slated for execution over 12 to 18 months, with a 45-day commencement period.
Additionally, RMC has secured other orders: ₹5.02 crore from Genus Power Infrastructures Limited for UND S_Panel mounting structures, ₹2.84 crore from Jaipur Vidyut Vitran Nigam Limited for LT Distribution Kiosks, and a ₹2.44 crore Letter of Intent from Southern Power Distribution Company of Telangana Limited for LT Distribution Boxes. The Genus Power and Jaipur Vidyut orders are expected to be completed within six months each, while the Telangana order will take 12 months.
These new awards boost the company's unexecuted order book to approximately ₹1188 crore. All orders are from domestic entities and do not involve related party transactions. Mr. Ankit Agrawal, CEO and Whole-Time Director, expressed optimism about the order inflows, highlighting the confidence of utility customers and the company's capabilities in executing turnkey projects. He emphasized the focus on disciplined execution and keeping stakeholders informed of future developments.
What to do with a filing like this
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.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by RMC Switchgears Limited. Read the original for the full detail.