RMC Switchgears bags orders worth 344 crore, PGVCL leads with 333.80 crore
RMC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.4 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RMC Switchgears has received fresh orders worth 344.10 crore. The largest is a 333.80 crore turnkey mandate from PGVCL, a Gujarat state power utility, for converting 11 kV overhead lines to underground cable networks across four circles, to be executed in 12-18 months. Additional orders: 5.02 crore from Genus Power, 2.84 crore from Jaipur DISCOM, 2.44 crore from Telangana DISCOM. All domestic. Unexecuted order book now at about 1,188 crore, supporting revenue growth.
Strong order inflow boosts revenue visibility; unexecuted order book now at 1,188 crore, providing multi-year growth support.