announcement under Regulation 30 (LODR)- Press Release
RMC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
RMC Switchgears shared updates on three developments. First, its 1 GW Solar Module Manufacturing Plant in Jaipur (₹100 crore investment) has had its operational timeline pushed from October 2025 to Q4 of the current financial year, though funding is fully secured via internal accruals and a SIDBI debt facility, and key equipment orders have been placed. Second, the company won a ₹59.12 crore order from Jaipur Vidyut Vitran Nigam Ltd (JVVNL) under the Revamped Distribution Sector Scheme (RDSS) for 11 KV feeder segregation work in Tonk Circle, Rajasthan on a turnkey basis. Third, the company's application to migrate from the BSE SME/SME platform to the BSE Main Board is fully prepared and awaiting final BSE confirmation under revised eligibility norms.
The ₹59.12 crore order win is a concrete revenue boost and strengthens the order book, while the solar plant delay is a minor near-term negative though long-term capacity addition remains on track. Migration to the BSE Main Board, once approved, could improve liquidity, attract institutional investors, and potentially lead to a re-rating of the stock.