Receipt of Letter of Intent from RRVPNL of Rs. 42,23,90,437.24/-
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RMC Switchgears has received a Letter of Intent (LOI) from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL), a Rajasthan state government entity, valued at approximately Rs. 42.24 crores. The contract involves constructing a new 132 kV Grid Sub-Station at Kalyanpur (Pachpadra), Distt- Balotra, along with associated transmission lines, bays, supply of all equipment/materials, erection, civil works, testing, and commissioning on a supply & ETC basis. The project is to be completed within 18 months from the date of award. The order is domestic, with no related party or promoter interest involved.
This is a sizeable government order that strengthens the company's order book visibility and is expected to contribute positively to revenue over the next 18 months. For a small-cap company like RMC Switchgears, an order of this magnitude is materially significant and likely to be viewed positively by the market.