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 has completed the Proof of Concept (POC) for its new 'Pulse Box' — a smart automation system for low-tension (LT) power distribution. It replaces conventional distribution boxes fitted below transformers on 11 kV lines, and is designed to improve grid safety, cut technical losses, and give utilities better visibility on the last mile of power delivery. The company highlights alignment with India's smart metering push and the broader ₹1.2 lakh crore effort to curb electricity theft. The total addressable market is pegged at over 24 million Distribution Transformers nationwide, with the initial target being ~10% of urban DTs, starting with states like Uttar Pradesh (18.99%), Gujarat (12.33%), Tamil Nadu (11.09%) and Maharashtra (6.34%). Specific technical details and POC outcome numbers remain undisclosed.
For shareholders, this is a positive product-development update that opens up a large domestic TAM, but actual revenue impact depends on successful commercialisation, regulatory adoption and orders — none of which have been announced yet, so near-term stock reaction may be limited.