RMC Switchgears shares surge 5% as company announces Rs 100 crore solar module plant in Jaipur

Shares of RMC Switchgears Ltd surged 5% on December 16, reaching ₹1,104.45 in morning trade, following the company’s announcement to establish a solar module manufacturing plant with an annual production capacity of 1 GWp.

Key Details of the Project:

• The state-of-the-art plant will be located at Badoodiya Village, Chaksu Tehsil, Jaipur, Rajasthan.
• The ambitious project has an estimated capital expenditure of ₹100 crore.
• The plant will also produce solar module mounting structures with a similar capacity.
• The facility is expected to become operational by July 2025, with commercial revenues projected to commence from August 2025.

Strategic Impact:

The project will be executed through RMC Green Energy Pvt. Ltd, a key subsidiary of RMC Switchgears. RMC aims to increase its ownership in the subsidiary from 51% to nearly 100% through equity infusion, solidifying operational control. The backward integration strategy will help RMC reduce dependency on external suppliers, enhance cost efficiency, and improve execution timelines.

The company anticipates strong demand for its solar products amid growing renewable energy adoption, which is expected to strengthen its bottom line in FY26.

Financial and Operational Benefits:

The project aligns with RMC’s long-term vision of creating a comprehensive solar ecosystem while reinforcing its commitment to renewable energy. The integration will also support ongoing and future projects, ensuring supply chain reliability.

The stock rally reflects investor optimism regarding the company’s strategic expansion and its potential to generate sustainable growth.

RMC SWITCHGEARS Share Price history