RMC Switchgears Limited shares surged 5% to ₹1,159.65 on Tuesday after the company announced a significant order win. RMC has secured a Letter of Acceptance (LOA) for the supply, installation, and commissioning of 5,000 solar pumps in Maharashtra, valued at ₹90 crore (excluding taxes). The project includes 3HP, 5HP, and 7HP solar pump systems, with completion slated for FY25-26.
The order highlights RMC’s contribution to India’s clean energy transition and sustainable irrigation solutions. The project aligns with Maharashtra’s ambitious plan to deploy 1.5 million solar pumps and strengthens RMC’s Solar EPC and IPP portfolio.
The milestone complements RMC’s recent ₹100 crore investment in a solar module manufacturing plant in Jaipur, aimed at reducing supplier dependency and enhancing project efficiency.
Key Order Details:
- Project value: ₹90 crore
- Scope: Supply, installation, and commissioning of 5,000 solar pumps
- Completion timeline: FY25-26
- Recent investments: ₹100 crore solar module manufacturing plant in Jaipur
CEO Mr. Ankit Agrawal emphasized the milestone aligns with the company’s Vision-2030 goals and its commitment to delivering sustainable energy solutions.
