RMC Switchgears wins Rs 42.23-cr contract for 132 kV Grid Sub-Station from RRVPNL

RMC Switchgears has received a significant Letter of Intent (LOI) from the Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL), which is the state's power transmission agency. This letter is for a new construction project.

The contract is worth Rs 42.23 crore and represents a major win for the switchgear engineering company.

 

Project Details and Scope  
Client: Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL).

Project Location: A new 132 kV Grid Sub-Station (GSS) at Kalyanpur (Pachpadra) in the Balotra District of Rajasthan.

Contract Type: The project will follow a Supply, Erection, Testing, and Commissioning (ETC) approach.

Scope of Work: The full scope includes:

- Supply of all necessary equipment and materials.
- All required erection work, including civil works.
- Final testing and commissioning of the complete system.
- Integration of all related lines and bays.

Completion Timeline: The project must be completed within 18 months.

RMC Switchgears focuses on switchgear engineering and carries out ECI (Engineering, Construction, and Installation) contracts for the power distribution and transmission sectors.

 

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Financial Context  
The contract win follows a strong financial performance for RMC Switchgears:

Q2 FY26 Net Profit: Increased by 87.9% year-on-year to Rs 19.15 crore.

Revenue from Operations: More than doubled, rising by 130.1% to Rs 241.09 crore in Q2 FY26 compared to the same quarter last year.

Despite this good news, the company's shares fell 2.18% to trade at Rs 544 on the BSE.