RMC Switchgears Secures Rs 333.80 Cr Gujarat VIJ Orders

RMC Switchgears saw its shares advance by 0.63% on the BSE, reaching Rs. 333.40, following the announcement of significant new contracts. The company secured 12 Letters of Awards (LoAs) from Paschim Gujarat VIJ Company for turnkey projects.

• Current Trading Price: Rs. 333.40
• Gain from Previous Close: 2.10 points
• Previous Closing Price: Rs. 331.30
• Orders Valued At: Approximately Rs 333.80 crore

Major Contract Details Emerge

The 12 LoAs cover comprehensive turnkey contracts, including site survey, designing, engineering, procurement, supply, and installation. These projects encompass loading, transportation, unloading, insurance, delivery at site, handling, storage, testing, and commissioning services.

Management expects these substantial orders to be completed within 12-18 months. The commencement period for all contractual purposes is set at 45 days.

Market Performance Snapshot

RMC Switchgears opened trading at Rs. 338.10 today, hitting an intraday high of Rs. 338.10 and a low of Rs. 325.35. A total of 9679 shares were traded on the counter.

The company’s current market capitalization stands at Rs. 352.11 crore. Its stock, with a face value of Rs. 10, has recorded notable 52-week and weekly extremes.

• 52-Week High: Rs. 897.00 (August 21, 2025)
• 52-Week Low: Rs. 245.00 (July 07, 2026)
• Last One Week High: Rs. 338.10
• Last One Week Low: Rs. 247.00

Shareholding Structure and Business Scope

The company’s promoter holding accounts for 51.97% of shares, indicating significant insider confidence. Institutional investors hold 3.18%, with non-institutional holders comprising the remaining 44.85%.

RMC Switchgears operates primarily in ‘Switchgear Engineering’, ‘ECI contracts for power distribution / transmission sector’, and ‘PVC Marble and Solid Surface’ businesses. The newly secured LoAs are anticipated to bolster the company’s order book and positively influence its revenue and growth trajectory.