Annocement under Regulation 30 SEBI LODR - Letter of Intent for Supply, Installation, Testing and Commissioing (SITC) of the 41 MW MSEDCL project received to RMC Green Energy Private Limited ....
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RMC Switchgears' wholly-owned subsidiary, RMC Green Energy Private Limited, has received a Letter of Intent from Saatvik Cleantech EPC Pvt. Ltd. for the supply, installation, testing and commissioning (SITC) of a 41 MW project linked to MSEDCL (Maharashtra State Electricity Distribution Company Limited, a state government discom). The total contract value is ₹61.08 crore. The deal was agreed in a meeting on August 12, 2025, with detailed commercial terms kept confidential. RMC Switchgears is making this disclosure under SEBI LODR Regulation 30, as the order is being executed through its subsidiary.
This is a sizable order (~₹61 crore) for the small-cap RMC Switchgears group, expanding its presence in the solar/renewable EPC space via its green energy subsidiary and adding meaningful revenue visibility. Positively signals business diversification beyond switchgears, though execution and payment timelines from a government-linked project will be key things to watch.