RMC Switchgears Limited receives order of Rs. 112.83 crore

RMC Switchgears Limited has announced the receipt of Letter of Award (LOA) of Rs. 11,283.45 lacs (excluding GST) in Joint Venture with M/s. Continental Petroleums Limited, by Maharashtra Government under Revamped Distribution Sector Scheme (RDSS).

The order has been given by Maharashtra State Electricity Distribution Company Limited (MSEDCL)

The Company in Joint Venture with Continental Petroleums Limited, has received order for 'Supply of Plant and Installation including Civil Contract' covering supply of plant, installation and Civil on FOR (Final place of destination [Satara Circle]}) basis inter-alia including' design, engineering, manufacture, testing, transportation, insurance etc. and other services incidental thereto, for value of Rs. 11,283.45 lacs (excluding GST) required for the complete execution at Satara Circle/s under Baramati Zone of MSEDCL, Maharashtra State, under RDSS.

Shares of RMC Switchgears Ltd was last trading in BSE at Rs. 763.45 as compared to the previous close of Rs. 802.15. The total number of shares traded during the day was 27000 in over 54 trades.

The stock hit an intraday high of Rs. 805.00 and intraday low of 762.05. The net turnover during the day was Rs. 20835275.00.

Source : Equity Bulls

Keywords

RMCSwitchgears INE655V01019 LOA OrderWin ContinentalPetroleums