RMC Switchgears Ltd receives LOIs worth Rs. 27.94 crores

RMC Switchgears Limited has received Letters of Intent (LOI) amounting to ₹ 27,94,33,400.00 (Rupees Twenty Seven Crores Ninety Four Lakhs Thirty Three Thousands Four Hundred Rupees only) inclusive of all taxes for supply of Fiber Reinforced Plastic (FRP) Fencing for fixing and distribution transforrmer centres at various locations given under Bhandup, Kalyan, Nashik, Pune Zone as per the manufacturing milestone schedule.

The receipt of this LOI further strengthens the Company's order book and is expected to contribute positively to the Company's revenue and growth prospects.

Shares of RMC Switchgears Ltd was last trading in BSE at Rs. 365.40 as compared to the previous close of Rs. 350.95. The total number of shares traded during the day was 29000 in over 173 trades.

The stock hit an intraday high of Rs. 377.75 and intraday low of 350.05. The net turnover during the day was Rs. 10589631.00.

Source : Equity Bulls

Keywords

RMCSwitchgears INE655V01019 LOI OrderWin