RMC Switchgears Ltd Share Price – BSE

Capital Goods - Electrical Equipment, Small Cap

RMC Switchgears has made an application  to NSE for migration of its equity shares from the SME Platform of BSE to the Main Board of NSE on 12.02.2026.

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RMC Switchgears has received Letters of Intent (LOI) amounting to Rs 200.86 crore as under:

- Letter of Intent(LOI) for executing the works relating to Development of Distribution Infrastructure Work for Segregation of 11 KV mixed feeders at Dholpur Circle of Jaipur Discom of Rajasthan State under Revamped Reforms- based and Results linked Distribution Sector Scheme (RDSS) on turnkey basis.

- Letter of Intent(LOI) for executing the works relating to Development of Distribution Infrastructure Work for Segregation of 11 KV mixed load feeders at Jhalawar Circle of Jaipur Discom of Rajasthan State under Revamped Reforms- based and Results linked Distribution Sector Scheme (RDSS) on turnkey basis.

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According to an exchange filing, the company received an order from Jaipur Vidyut Vitran Nigam for executing works related to the segregation of 11 kV mixed feeders at the Dholpur Circle of Jaipur Discom in Rajasthan. The project is being awarded under the Revamped Reforms-based and Results-linked Distribution Sector Scheme (RDSS) on a turnkey basis, against RFP JVVNL/RDSS/INFRA/FS/TN-610.

The order is valued at Rs 116.49 crore, and the work scheduled to commence within 15 days from the date of issuance of the letter of intent (LOI) and to be completed as per the project schedule provided by the project authorities.

The company also received another order from Jaipur Vidyut Vitran Nigam for similar distribution infrastructure works involving the segregation of 11 kV mixed-load feeders at the Jhalawar Circle of Jaipur Discom, Rajasthan. This order has been awarded under the RDSS on a turnkey basis against RFP JVVNL/RDSS/INFRA/FS/TN-612.

This second order is valued at Rs 84.38 crore, with work expected to begin within 15 days from the date of the LOI and to be completed as per the prescribed project timeline.

RMC Switchgears clarified that none of its promoters or members of the promoter group have any interest in the awarding entity. The company also confirmed that both contracts do not fall under the category of related-party transactions, in line with applicable regulatory norms.

The company stated that the receipt of these LOIs strengthens its order book and is expected to contribute positively to its revenue visibility and growth prospects. It added that it will update the stock exchanges on any further material developments, as required under regulations.

RMC Switchgears is primarily engaged in the business of switchgear engineering and ECI contracts for the power distribution/transmission sector.

The company?s net profit surged 87.9% year-on-year to Rs 19.15 crore, while revenue from operations more than doubled?rising 130.1% to Rs 241.09 crore in Q2 FY26 compared with Q2 FY25.

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The scope of the project requires the company to complete the construction of the new 132 kV GSS at Kalyanpur (Pachpadra), Distt-Balotra.

The work will be executed on a supply, erection, testing, and commissioning (ETC) basis, encompassing all associated lines and bays.

This includes the supply of all necessary equipment and materials, comprehensive erection work (including civil works), and final testing and commissioning.

The total value of this contract is Rs 42.23 crore. The project has to executed within a period of 18 months.

RMC Switchgears is primarily engaged in the business of switchgear engineering and ECI contracts for the power distribution/transmission sector.

The company?s net profit surged 87.9% year-on-year to Rs 19.15 crore, while revenue from operations more than doubled?rising 130.1% to Rs 241.09 crore in Q2 FY26 compared with Q2 FY25.

The scrip fell 2.18% to currently trade at Rs 544 on the BSE.

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