Receipt of Letter of Intent from RRVPNL of Rs. 27,77,69,586.82/-
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 received a Letter of Intent (LOI) valued at approximately ₹27.78 crores from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL), a Rajasthan state government power transmission utility. The work involves constructing a 132 kV Grid Substation at KAPARDA SEZ in Jodhpur district, along with associated transmission lines and 132 kV bays at Bhawad and Kirmarsariya GSS. The contract is on a Supply, Erection, Testing & Commissioning basis (excluding power transformers) and must be completed within 18 months. The order is domestic, awarded to an unrelated party, and strengthens the company's existing order book. This is a state government-backed infrastructure contract in the power transmission space.
Positive for the company — this government-backed order boosts the order book visibility and is expected to contribute meaningfully to revenue over the next 18 months. The stock may see some short-term positive sentiment, though execution and working capital needs will be key things to watch.