RMC Switchgears Limited has received a Letter of Award (LOA) from Anand Transformers Private Limited amounting to ₹1,88,52,000 (One Crore Eighty Eight Lakh Fifty Two Thousand Rupees).
The contract is for "Transformer Distribution Box - Turnkey Contract for providing new Service connection with Extension of Infrastructure, if required (Phase III)".
Key Contract Details:
- Awarding Entity: Anand Transformers Private Limited (Domestic entity)
- Contract Nature: Transformer Distribution Box supply and installation
- Contract Value: ₹1,88,52,000
- Execution Timeframe: Guarantee period of 18 months from date of delivery, with extension of defect liability period not exceeding 60 months in aggregate
- Geographic Scope: Domestic
Corporate Governance Aspects:
- No promoter/promoter group/group companies have any interest in Anand Transformers Private Limited
- The contract does not qualify as a related party transaction
Expected Impact:
The company states that this order "further strengthens the Company's order book and is expected to contribute positively to the Company's revenue and growth prospects."
Additional Information:
The company committed to updating the stock exchange on further material developments as required under SEBI regulations.
The disclosure was signed by Shivani Bairathi, Compliance Officer & Company Secretary (ACS: 42636) on behalf of RMC Switchgears Limited.