Shares Bazaar

RMC Switchgears rises on bagging LoI worth Rs 27.77 crore

The order is to be executed within 18 months

RMC Switchgears is currently trading at Rs. 550.90, up by 6.30 points or 1.16% from its previous closing of Rs. 544.60 on the BSE.

The scrip opened at Rs. 544.80 and has touched a high and low of Rs. 565.00 and Rs. 522.10 respectively. So far 55250 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 1214.00 on 18-Dec-2024 and a 52 week low of Rs. 518.00 on 13-Mar-2025.

Last one week high and low of the scrip stood at Rs. 591.85 and Rs. 522.10 respectively. The current market cap of the company is Rs. 581.19 crore.

The promoters holding in the company stood at 52.06%, while Institutions and Non-Institutions held 5.84% and 42.10% respectively.

RMC Switchgears has received a Letter of Intent (LoI) worth Rs 27.77 crore from Rajasthan Rajya Vidyut Prasaran Nigam for executing the works relating to construction of 132 kV GSS, KAPARDA SEZ (Distt. Jodhpur) along with associated line (LILO of 132 kV S/C Bilara- Jhalamand Line to GSS, KAPARDA SEZ) and construction of 132 kV S/C Bhawad-Kirmarsariya Line along with 01 No. of 132 kV bay at each, Bhawad and Kirmarsariya GSS including supply of all equipments/materials (Except Power Transformer), erection (including Civil works), testing and commissioning against BN-9015002503 (on Supply-ETC basis). The order is to be executed within 18 months.

RMC Switchgears is primarily engaged in the business of ‘Switchgear Engineering’, ‘ECI contracts for power distribution / transmission sector’ and ‘PVC Marble and Sold Surface’.