RMC Switchgears Limited, a company with a market capitalization of ₹780.00 crore, has recently secured a significant contract worth ₹59.12 crore from Jaipur Vidyut Vitran Nigam Limited (JVVNL). This development marks a notable achievement for the company in the power distribution sector.

Contract Details

The company received a Letter of Intent (LOI) from JVVNL for a project valued at ₹59,12,44,356.07. The scope of work includes:

• Development of Distribution Infrastructure Work
• Segregation of 11 KV mixed feeders at Tonk Circle of Jaipur Discom
• Part of the Revamped Reforms-based and Results-linked Distribution Sector Scheme (RDSS)

Project Execution

RMC Switchgears will undertake this project on a turnkey basis, with the following key points:

• Time Frame: The contract is to be executed within 15 months from the effective date of the award, including survey and approval processes.
• Nature of Work: The project focuses on domestic infrastructure development in the power distribution sector.

Impact on Company's Outlook

This new order is expected to have a positive impact on RMC Switchgears:

1. Order Book Strengthening: The contract significantly bolsters the company's order book.
2. Revenue Growth: It is anticipated to contribute positively to the company's revenue and growth prospects.

Market Position

With a market capitalization of ₹780.00 crore, RMC Switchgears appears to be positioning itself as a notable player in the power infrastructure sector. This contract, valued at approximately 7.58% of its market cap, represents a substantial project for the company.

Regulatory Compliance

In compliance with SEBI regulations, RMC Switchgears has duly informed the BSE Limited about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has assured stakeholders that it will provide updates on any further material developments related to this project as required by regulations.

This contract win underscores RMC Switchgears' capabilities in the power distribution infrastructure sector and may signal potential for future growth and expansion in similar projects.

RMC Switchgears , a key player in India's electrical infrastructure solutions sector, has achieved a significant milestone by securing a place in Forbes Asia's prestigious Best Under a Billion 2025 list. This recognition highlights the company's strong performance and potential among the top 200 publicly listed companies in the Asia-Pacific region with revenues under USD 1 billion.

A Testament to Sustainable Growth

The Forbes Asia's Best Under a Billion list, compiled from over 19,000 companies, celebrates enterprises that demonstrate sustainable growth, robust governance, and long-term financial strength. The selection process involves a comprehensive evaluation of various financial metrics, including:

• Debt levels
• Sales growth (one and three-year periods)
• Earnings-per-share growth (one and three-year periods)
• Return on equity (one and five-year averages)

Additionally, qualitative filters such as governance, environmental standards, and management practices are applied to ensure the resilience and reliability of the selected companies.

Leadership Perspective

Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears, expressed his thoughts on this achievement: "Being featured in Forbes Asia's Best Under a Billion list is both an honour and a reflection of our journey so far. This achievement belongs to our employees, customers, and partners who have placed their trust in us. We started with a vision to build safe and reliable electrical infrastructure for India, and today this recognition strengthens our resolve to continue innovating and delivering solutions that are sustainable, scalable, and impactful."

RMC Switchgears: A Profile of Innovation and Growth

RMC Switchgears has established itself as a prominent player in the electrical infrastructure solutions sector, with a special focus on manufacturing electrical enclosures designed to prevent theft and enhance safety. The company's key areas of operation include:

1. Smart Meter Enclosures: Supporting utilities across India through initiatives like the Revamped Distribution Sector Scheme (RDSS).

2. Comprehensive Services: Offering manufacturing, installation, and Operations & Maintenance (O&M) services, making it a reliable partner for AMISPs, utilities, and state entities.

3. Transmission Sector Participation: Positioning itself to contribute to the ₹9 trillion investments planned by the Government of India for the transmission sector through its EPC model.

4. Renewable Energy Expansion: Venturing into solar EPC, green energy projects, and IPP solutions. The company is also planning a 1 GW solar module manufacturing plant to strengthen its position in the renewable energy sector.

5. Water Management Infrastructure: Integrating advanced technologies like IoT to provide high-value, customized solutions for DISCOMs, enhancing efficiency and reducing losses in water management.

Looking Ahead

The inclusion of RMC Switchgears in Forbes Asia's Best Under a Billion 2025 list is expected to bolster the company's brand credibility, global visibility, and stakeholder trust. As RMC Switchgears continues to innovate and expand its offerings, it remains committed to contributing to India's sustainable infrastructure development and power security objectives.

This recognition not only celebrates RMC Switchgears' past achievements but also sets the stage for its future growth and impact in the electrical infrastructure and renewable energy sectors.