RMC Switchgears bags Rs 23.64 cr solar pump order from MAHAVITRAN
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RMC Switchgears received a Letter of Award from MAHAVITRAN, the Maharashtra State Electricity Distribution Co. Ltd., worth about Rs 23.64 crores. The contract covers design, manufacture, supply, installation, testing and commissioning of off-grid DC solar water pumping systems of 3HP, 5HP and 7.5HP capacity, along with 5 years of warranty, maintenance and remote monitoring. The order is under the central government's PM KUSUM B scheme and Maharashtra's Magel Tyala Saur Krushi Pump Yojana. Execution period is 5 years. The order is domestic and not a related party transaction.
Strengthens order book and revenue outlook. Government-backed scheme provides revenue visibility over 5 years.