RMC Switchgears H1 Sales Double To Rs 2.21 Billion

08 Oct 2025 CW Team

The strong performance was primarily driven by the Solar EPC segment, which contributed approximately Rs 1.14 billion to total revenue. The Electrical EPC and Electrical Products segments followed, contributing Rs 570 million and Rs 500 million, respectively.

The continued momentum in the Solar EPC business highlights the strategic relevance of the company’s upcoming Solar Module Manufacturing Plant, which will ensure a reliable and cost-efficient supply base. Once operational, the facility is expected to strengthen project execution capabilities and improve the company’s overall margin profile.

As of 30 September 2025, RMC Switchgears has a projects and orders pipeline worth Rs 8.25 billion, scheduled for execution over the next 12 months. The company’s performance across its core business areas provides a solid foundation for sustained growth in the second half of the year.

During the second quarter of FY2026, RMC also completed its proof of concept (POC) for the Pulse Box—an intelligent low-tension power distribution system designed to improve grid safety, deter electricity theft, and reduce technical losses. The Pulse Box is a key component of RMC’s smart distribution roadmap, with further rollout contingent on utility approvals, field results, and commercial viability.

Commenting on the company’s progress, Mr. Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears Limited, said,

“RMC’s first-half performance reflects disciplined execution across our core segments and strong traction from the Solar EPC segment. We have deepened engineering capabilities, strengthened project planning, and optimised turnaround times, enhancing delivery reliability for our customers. These operational gains are building a stronger market position and will support sustained, quality growth as we continue to prioritise prudent capital allocation and governance.”

RMC Switchgears Limited has reported unaudited sales of Rs 2.21 billion for the first half of the financial year 2025–26 (April to September), compared with Rs 1.05 billion in the same period of FY2024–25 — a robust year-on-year growth of over 110 per cent.The strong performance was primarily driven by the Solar EPC segment, which contributed approximately Rs 1.14 billion to total revenue. The Electrical EPC and Electrical Products segments followed, contributing Rs 570 million and Rs 500 million, respectively.The continued momentum in the Solar EPC business highlights the strategic relevance of the company’s upcoming Solar Module Manufacturing Plant, which will ensure a reliable and cost-efficient supply base. Once operational, the facility is expected to strengthen project execution capabilities and improve the company’s overall margin profile.As of 30 September 2025, RMC Switchgears has a projects and orders pipeline worth Rs 8.25 billion, scheduled for execution over the next 12 months. The company’s performance across its core business areas provides a solid foundation for sustained growth in the second half of the year.During the second quarter of FY2026, RMC also completed its proof of concept (POC) for the Pulse Box—an intelligent low-tension power distribution system designed to improve grid safety, deter electricity theft, and reduce technical losses. The Pulse Box is a key component of RMC’s smart distribution roadmap, with further rollout contingent on utility approvals, field results, and commercial viability.Commenting on the company’s progress, Mr. Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears Limited, said,“RMC’s first-half performance reflects disciplined execution across our core segments and strong traction from the Solar EPC segment. We have deepened engineering capabilities, strengthened project planning, and optimised turnaround times, enhancing delivery reliability for our customers. These operational gains are building a stronger market position and will support sustained, quality growth as we continue to prioritise prudent capital allocation and governance.”

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..