Rs 800+ crore order book: Electrical equipment company receives 2 orders of Rs 200,86,53,263.08 from Jaipur Vidyut Vitran Nigam

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Rs 800+ crore order book: Electrical equipment company receives 2 orders of Rs 200,86,53,263.08 from Jaipur Vidyut Vitran Nigam

The stock is up by 40 per cent from its 52-week low of Rs 518 per share and has given multibagger returns of over 3,300 per cent in 5 years.

RMC Switchgears Ltd has secured two significant Letters of Intent (LOI) from Jaipur Vidyut Vitran Nigam Limited for the development of distribution infrastructure in Rajasthan. These orders, totalling Rs 200,86,53,263.08 inclusive of Taxes, are part of the Revamped Reforms-based and Results-linked Distribution Sector Scheme (RDSS). The primary scope of work involves the segregation of 11 KV mixed feeders on a turnkey basis. Specifically, Order 1 is valued at Rs 1,16,48,79,692.47 for the Dholpur Circle, while Order 2 is valued at Rs 84,37,73,570.61 for the Jhalawar Circle.

The execution of these domestic projects is scheduled to commence within 15 days of the LOI awards, with completion timelines governed by the program schedules provided by the designated project authorities. This substantial intake is expected to provide a significant boost to the company’s Order Book and positively impact its future revenue and growth trajectory. By undertaking these critical infrastructure works for the Jaipur Discom, RMC Switchgears Limited continues to expand its footprint in the domestic utility and power distribution sector under the ongoing national reform schemes.

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About the Company

RMC Switchgears is a key player in electrical infrastructure solutions, specialising in anti-theft and safety-enhancing electrical enclosures, and is a prominent name in the smart meter enclosure market. The company offers manufacturing, installation, and O&M services, and is eyeing the Rs 9 trillion investment in India's transmission sector through its EPC model. RMC is also expanding into renewable energy with Solar EPC, green energy projects, and IPP solutions, and plans a 1 GW solar module manufacturing plant. Additionally, it's moving into water management infrastructure with IoT integration, providing custom solutions to DISCOMs, aiming to boost efficiency and support India's power security and sustainable infrastructure goals.

The company has a market cap of Rs 437 crore with an order book exceeding Rs 800 crore. The shares of the company have an ROE of 38 per cent and an ROCE of 37 per cent. The stock is up by 40 per cent from its 52-week low of Rs 518 per share and has given multibagger returns of over 3,300 per cent in 5 years.

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Disclaimer: The article is for informational purposes only and not investment advice.