Announced Tue, 8 Sept, 2026 · 10:02 IST
RMC Switchgears wins Rs 14.99 cr order from Maharashtra state electricity distributor
RMC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.0%1-day move
₹233.00
prior close
₹228.54
base price
In-mkt
timing
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AI summary
RMC Switchgears received a Letter of Award worth Rs 14.99 crore from MAHAVITRAN (Maharashtra State Electricity Distribution Co. Ltd.), a state government entity. The 5 year contract covers design, supply, installation, testing, commissioning and 5 year maintenance of off grid DC solar water pumping systems of 3, 5 and 7.5 HP capacity under the PM KUSUM B Scheme (Magel Tyala Saur Krushi Pump Yojana) for farmer sites in Maharashtra.
Likely market impact
Boosts order book with a government backed solar pump order; supports revenue visibility over a 5 year execution period.