RMC Switchgears Ltd receives LOAs from MAHAVITRAN - MSEDCL

RMC Switchgears Limited, has received Letters of Award (LOA) from MAHAVITRAN - Maharashtra State Electricity Distribution Co. Ltd. amounting to ₹ 23,63,74,211 - Twenty Three Crores Sixty Three Lacs Seventy Four Thousand Two Hundred Eleven Rupees for Design, manufacture, Supply, Transport, Installation, Testing and Commissioning of Off-Grid DC Solar Voltaic water Pumping Systems(SPWPS) of 3 HP, 5 HP & 7.5 HP capacity at identified farmer's site in District of Maharashtra, including complete system warranty and its repair and maintenance and Remote Monitoring System(RMS) for 5 Years under "Magel Tyala Saur Krushi Pump" Yojna/ PM KUSUM B SCHEME.

The receipt of this LOA 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. 301.00 as compared to the previous close of Rs. 308.15. The total number of shares traded during the day was 4186 in over 223 trades.

The stock hit an intraday high of Rs. 310.75 and intraday low of 300.30. The net turnover during the day was Rs. 1281822.00.

Source : Equity Bulls

Keywords

RMCSwitchgears INE655V01019 LOA OrderWin