RMC Switchgears Commissions 8.8 MWac Solar Capacity Worth ₹38.49 Crores

RMC Switchgears Limited has successfully commissioned 8.8 MWac capacity of MAHAGENCO's 46 MWac solar EPC project in Ahmednagar district. The commissioned capacity represents ₹38.49 crores out of the total project value of ₹153.98 crores and is being executed under a complete turnkey EPC contract.

Project Financial Breakdown

The company disclosed the financial details of the solar project execution in its latest regulatory filing.

Parameter:	Details
Total Project Capacity:	46 MWac
Commissioned Capacity:	8.8 MWac
Commissioned Value:	₹38.49 crores
Total Project Value:	₹153.98 crores
Location:	Shevgaon, Ahmednagar
Client:	MAHAGENCO

Strategic Impact and Rural Development

Located in a predominantly rural region, the project is expected to enhance power supply stability and reliability for farmers, small businesses, and local households. When fully operational, the plant will support Maharashtra's renewable energy expansion while improving irrigation reliability and reducing dependence on diesel pumps.

The project represents an important step towards sustainable development in Ahmednagar, providing long-term environmental benefits, supporting agricultural productivity, and strengthening the local energy ecosystem.

Technical Excellence and Execution

The 8.8 MWac commissioning showcases RMC's engineering capability, construction quality, and disciplined execution practices. The project includes advanced crystalline solar PV modules, robust electrical systems, and efficient infrastructure planning aligned with MAHAGENCO specifications.

Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears Limited, commented on the achievement: "Achieving the 8.8 MWac commissioning milestone in the MAHAGENCO solar project demonstrates our commitment to timely and high-quality execution. This progress reflects our team's technical capability and disciplined approach to project delivery."

Project Timeline and Completion

The balance project work is progressing as per plan, with the company remaining confident of completing the full 46 MWac capacity within the current financial year. This timeline demonstrates RMC's commitment to delivering large-scale renewable energy projects within stipulated deadlines and strengthens its position as a reliable partner for solar installations in Maharashtra.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.94%	-5.30%	-25.67%	-44.29%	-56.88%	+2,418.11%

RMC Switchgears has announced a significant contract win, bolstering its position in the electrical equipment sector. The company has received a Letter of Intent (LOI) from Rajasthan Rajya Vidyut Prasaran Nigam Limited for a project valued at ₹27.77 crore.

Contract Details

The contract involves the construction of a 132 kV Grid Sub-Station (GSS) and related transmission lines. Here's a breakdown of the key aspects of the project:

Project Component	Details
Main Construction	132 kV GSS at KAPARDA SEZ, Jodhpur District
Associated Works	- LILO of 132 kV S/C Bilara-Jhalamand Line to GSS, KAPARDA SEZ - Construction of 132 kV S/C Bhawad-Kirmarsariya Line - 01 No. of 132 kV bay each at Bhawad and Kirmarsariya GSS
Scope of Work	Supply of all equipment/materials (except Power Transformer), erection (including civil works), testing, and commissioning
Contract Type	Supply-ETC (Erection, Testing & Commissioning) basis
Project Duration	18 months
Contract Value	₹27,77,69,586.82

Implications for RMC Switchgears

This contract win is expected to have positive implications for RMC Switchgears:

Order Book Strengthening: The new contract enhances the company's order book, providing a foundation for future revenue streams.
Revenue Growth: With a contract value of ₹27.77 crore, this project is anticipated to contribute to the company's top-line growth over the next 18 months.
Sector Positioning: Securing this contract from a state power transmission company reinforces RMC Switchgears' capabilities in the power infrastructure sector.
Execution Capability: The diverse scope of work, including construction, supply, and commissioning, showcases the company's comprehensive project execution abilities.

Market Impact

While the immediate market reaction to this news remains to be seen, such contract wins typically bode well for companies in the capital goods and electrical equipment sector. Investors and market analysts often view such developments as indicators of a company's competitive strength and growth potential.

RMC Switchgears has stated that it will keep the stock exchange updated on any material developments related to this project, as required under SEBI regulations. This transparency is crucial for investors to track the progress and potential impact of the contract on the company's financial performance.

As the Indian power sector continues to expand and modernize, companies like RMC Switchgears that can secure and execute significant infrastructure projects may be well-positioned to capitalize on the growing opportunities in the market.