Order Details
RMC Switchgears Limited has received new orders aggregating ₹344.10 crore, significantly boosting its order book.
Major Contract - PGVCL Underground Cabling
The largest component is a set of 12 Letters of Acceptance from Paschim Gujarat Vij Company Limited (PGVCL) worth ₹333.80 crore. This is a turnkey contract covering:
- Site survey, designing, and engineering
- Procurement, supply, loading, transportation, unloading, and insurance
- Delivery at site, handling, and storage
- Installation, testing, and commissioning
- Documentation of all items and material
The scope involves conversion of existing 11 kV HT line and LT line network, including consumer service lines, into an underground cable network with a Ring Main System, together with GIS Mapping / Geo Urja Mapping (developed by GUVNL) and asset tagging under the SI Scheme.
PGVCL Package Breakdown
The 12 packages are distributed across four circles:
- Bhavnagar Circle: 9 packages worth ₹251.21 crore
- Jamnagar Circle: 1 package worth ₹35.98 crore
- Anjar Circle: 1 package worth ₹28.26 crore
- Junagadh Circle: 1 package worth ₹18.36 crore
- Total: 12 packages worth ₹333.80 crore
Execution Timeline for PGVCL Contract
The PGVCL packages are to be executed over periods of 12 to 18 months, following a commencement period of 45 days for all contractual purposes.
Additional Orders Received
The Company has also received:
- Order from Genus Power Infrastructures Limited: ₹5.02 crore for UND S_Panel mounting structure 1.1 KW (6-month execution period)
- Order from Jaipur Vidyut Vitran Nigam Limited: ₹2.84 crore for 100 Amp. L.T. Distribution Kiosks suitable for underground cabling (6-month execution period)
- Letter of Intent from Southern Power Distribution Company of Telangana Limited: ₹2.44 crore for supply of LT Distribution Boxes (12-month execution period)
Order Book Impact
With these new awards, the Company's unexecuted order book stands at approximately ₹1188 crore.
Management Commentary
Mr. Ankit Agrawal, CEO and Whole-Time Director, commented:
- The company is seeing encouraging traction in order inflows
- The ₹344.10 crore orders reflect continued customer confidence in RMC
- The PGVCL mandate is a turnkey engagement that draws on the full breadth of RMC's capabilities
- The awards for distribution kiosks, distribution boxes and panel mounting structures reflect steady demand across the electrical products portfolio
- Focus now turns to disciplined execution
- The company will continue to keep shareholders and the market informed of material developments
Company Background
RMC Switchgears is a prominent player in the electrical infrastructure solutions sector specializing in:
- Manufacture of electrical enclosures designed to prevent electrical theft and enhance safety
- Strong reputation in the smart meter enclosure market
- Supports utilities across India through initiatives such as the Revamped Distribution Sector Scheme (RDSS)
- Offerings span manufacturing, installation, and Operations & Maintenance (O&M)
- Expanding into solar EPC, green energy projects, and IPP solutions
- Advancing into water management infrastructure with IoT integration