Intimation under Regulation 30(LODR) Regulations, 2015- Receipt of Letter of Intents amounting upto Rs. 200,86,53,263.08
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RMC Switchgears has received Letters of Intent (LOIs) totaling approximately Rs. 200.87 crore (inclusive of taxes) from Jaipur Vidyut Vitran Nigam Limited (JVVNL), a Rajasthan state power distribution company. The work involves developing distribution infrastructure for segregation of 11 KV mixed feeders in two circles — Dholpur (Rs. 116.49 crore) and Jhalawar (Rs. 84.38 crore). Both projects are being executed on a turnkey basis under the central government's Revamped Reforms-based and Results-linked Distribution Sector Scheme (RDSS). Work is to begin within 15 days of the LOI award, with timelines governed by the project manager's schedule. The orders are domestic, with no related-party involvement or promoter interest in the awarding entity.
This is a substantial order win that meaningfully strengthens the company's order book and should support revenue growth over the medium term. For a small-cap company, a ~Rs. 201 crore government-backed order win is a positive signal for execution visibility, though investors should monitor timelines, working capital needs, and margin realization on these turnkey projects.