RMC Switchgears Limited has received 12 Letters of Award (LOA) from Paschim Gujarat Vij Company Limited (PGVCL) with a total value of Rs. 3,33,79,70,307 (Three hundred thirty three Crore Seventy Nine Lakh Seventy Thousand Three Hundred Seven only).

The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Contract Details

All 12 contracts are turnkey contracts for similar scope of work:

  • Nature of Work: Site Survey, Designing, Engineering, Procurement, Supply, Loading, Transportation, Unloading, Insurance, Delivery at Site, Handling, Storage, Installation, Testing, Commissioning including Documentation
  • Project Type: Conversion of Existing 11 kV HT Line and LT Line Network Including Consumer Service Lines Into Under Ground Cable Network With Ring Main System
  • Technology: GIS Mapping / Geo Urja Mapping (Developed by GUVNL) and Asset Tagging under SI Scheme
  • Awarding Entity: Paschim Gujarat Vij Company Limited (Domestic entity)
  • Related Party Transactions: No involvement of promoter/promoter group/group companies

Individual Contract Breakdown

Package-19 (Annexure-1)

  • Location: Chitra Subdivision (Part-1) of Bhavnagar Circle
  • Value: Rs. 36,11,38,244
  • Execution Period: 18 months after 45-day commencement period

Package-21 (Annexure-2)

  • Location: Chitra Subdivision (Part-3) of Bhavnagar Circle
  • Value: Rs. 39,90,52,074
  • Execution Period: 18 months after 45-day commencement period

Package-22 (Annexure-3)

  • Location: Chitra Subdivision (Part-4) of Bhavnagar Circle
  • Value: Rs. 19,09,35,137
  • Execution Period: 12 months after 45-day commencement period

Package-23 (Annexure-4)

  • Location: Chitra Subdivision (Part-5) of Bhavnagar Circle
  • Value: Rs. 18,33,30,691
  • Execution Period: 12 months after 45-day commencement period

Package-24 (Annexure-5)

  • Location: Chitra Subdivision (Part-6) of Bhavnagar Circle
  • Value: Rs. 26,72,85,695
  • Execution Period: 18 months after 45-day commencement period

Package-25 (Annexure-6)

  • Location: Chitra Subdivision (Part-7) of Bhavnagar Circle
  • Value: Rs. 38,20,81,390
  • Execution Period: 18 months after 45-day commencement period

Package-26 (Annexure-7)

  • Location: Ghogha Subdivision of Bhavnagar Circle
  • Value: Rs. 13,71,83,851
  • Execution Period: 12 months after 45-day commencement period

Package-34 (Annexure-8)

  • Location: Adipur Subdivision of Anjar Circle
  • Value: Rs. 28,25,61,986
  • Execution Period: 18 months after 45-day commencement period

Package-37 (Annexure-9)

  • Location: Talaja-1-2 Subdivision of Bhavnagar Circle
  • Value: Rs. 41,22,56,343
  • Execution Period: 18 months after 45-day commencement period

Package-40 (Annexure-10)

  • Location: Mahuva Rural-1 Subdivision of Bhavnagar Circle
  • Value: Rs. 17,88,00,466
  • Execution Period: 12 months after 45-day commencement period

Package-45 (Annexure-11)

  • Location: Dwarka Subdivision of Jamnagar Circle
  • Value: Rs. 35,97,83,790
  • Execution Period: 18 months after 45-day commencement period

Package-46 (Annexure-12)

  • Location: Talala Subdivision of Junagadh Circle
  • Value: Rs. 18,35,60,640
  • Execution Period: 12 months after 45-day commencement period

Financial Impact and Outlook

The company states that the receipt of these LOAs "further strengthens the Company's order book and is expected to contribute positively to the Company's revenue and growth prospects."

Future Disclosures

The company commits to updating the Stock Exchange on further material developments as required under Regulation 30.