RMC Switchgears saw its shares rise over 4% after the company received two major Letters of Award totaling nearly ₹100 crore.
The first order, worth ₹66.39 crore, is for the supply and erection of equipment to develop distribution infrastructure in the Jhalawar Circle of Jaipur Discom under the RDSS scheme. The second, valued at ₹33.79 crore, involves supply and development of distribution infrastructure for loss reduction works in the Kota Circle under the revamped Reforms-Based and Results-Linked Distribution Sector Scheme.
These new orders strengthen RMC Switchgears’ order book and are expected to positively contribute to the company’s revenue and growth prospects. The company will update the stock exchange on any further developments as required.
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