Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Receipt of two Letter Of Awards(LOA)
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RMC Switchgears has won two Letters of Awards worth a combined ₹100.19 crores for turnkey supply and erection work related to power distribution infrastructure in Rajasthan. The first LOA, valued at ₹66.39 crores, covers development of distribution infrastructure at Jhalawar Circle of Jaipur Discom under the central government's RDSS (Revamped Reforms-Based and Results-Linked Distribution Sector Scheme). The second LOA, worth ₹33.79 crores, covers loss-reduction distribution infrastructure works at Kota Circle of Rajasthan under the same RDSS scheme. Both awards were issued by Suncity Urja Private Limited and are domestic orders, with work to commence within 7 days. There is no promoter or related-party interest in the awarding entity.
These orders strengthen RMC Switchgears' order book significantly and are expected to contribute positively to revenue and growth. As both awards fall under the government-backed RDSS distribution reform scheme, they carry relatively lower counterparty and payment risk, supporting earnings visibility for shareholders.