RMC Switchgears Secures LOI Worth Rs 279.4 Million

RMC Switchgears Ltd, a key player in India’s electrical infrastructure and smart metering solutions, has announced receipt of a Letter of Intent amounting to Rs 279.4 million. The LOI underscores the company’s ability to secure high-value projects in a competitive market and demonstrates its strong client trust and operational efficiency.  

The order is expected to contribute significantly to the company’s financial performance in the current fiscal year. RMC Switchgears has been expanding its portfolio with a focus on smart metering, switchgear systems, and turnkey electrical projects, positioning itself as a reliable partner for utilities and infrastructure developers.  

Key Highlights  

• LOI valued at Rs 279.4 million received by RMC Switchgears Ltd  
• Strengthens company’s order book and revenue visibility for FY2026  
• Reflects growing demand for smart metering and electrical infrastructure solutions  
• Enhances credibility and client confidence in project execution capabilities  
• Supports long-term growth strategy in India’s power and utilities sector  

Future Outlook  
With this LOI, RMC Switchgears is set to further consolidate its market presence in the electrical infrastructure domain. The company’s emphasis on innovation, reliability, and customer-centric solutions is expected to drive sustained growth and attract more high-value contracts in the near future.  

Sources: Equity Bulls, NSE Filings, Business Standard