RMC Switchgears Secures Contract From Jaipur Distribution Utility
ECONOMY & POLICY

RMC Switchgears Secures Contract From Jaipur Distribution Utility

RMC Switchgears Limited (RMC) has received a letter of award from Jaipur Vidyut Vitran Nigam Limited (JVVNL) for the supply of 100 Amp L.T. distribution kiosks suitable for underground cabling. The contract is valued at Rs 28.447125 mn and will be recorded in the company order book. The company said the award strengthens its order book and is expected to contribute positively to revenue and growth prospects.

The order was awarded by a domestic entity and the company described the terms and conditions as governed by the general conditions of contract, including the price variation formula and technical specifications appended to the tender. Where terms in the purchase order differ from the RTPP Act the act will supersede. The purchase order incorporates standard provisions from the PO, ITB and GCC except where modified.

The company stated that promoters and promoter group entities have no interest in the awarding entity and that the contract does not constitute a related party transaction. The execution period for the contract is six months from the date of award. The disclosure was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and referenced the applicable SEBI master circular.

The compliance officer and company secretary authorised the filing and enclosed an annexure detailing significant terms, including the broad consideration and execution timeline. The company provided registered office and contact information in the filing and said it will notify the stock exchange of any further material developments. The award will be reflected in regulatory filings and in periodic disclosures to investors.

The company noted that the order forms part of routine business operations and that contract performance is subject to the standard inspection and acceptance procedures specified in the tender documents. RMC will provide updates to investors and regulatory authorities as required under the listing obligations.

RMC Switchgears Limited (RMC) has received a letter of award from Jaipur Vidyut Vitran Nigam Limited (JVVNL) for the supply of 100 Amp L.T. distribution kiosks suitable for underground cabling. The contract is valued at Rs 28.447125 mn and will be recorded in the company order book. The company said the award strengthens its order book and is expected to contribute positively to revenue and growth prospects. The order was awarded by a domestic entity and the company described the terms and conditions as governed by the general conditions of contract, including the price variation formula and technical specifications appended to the tender. Where terms in the purchase order differ from the RTPP Act the act will supersede. The purchase order incorporates standard provisions from the PO, ITB and GCC except where modified. The company stated that promoters and promoter group entities have no interest in the awarding entity and that the contract does not constitute a related party transaction. The execution period for the contract is six months from the date of award. The disclosure was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and referenced the applicable SEBI master circular. The compliance officer and company secretary authorised the filing and enclosed an annexure detailing significant terms, including the broad consideration and execution timeline. The company provided registered office and contact information in the filing and said it will notify the stock exchange of any further material developments. The award will be reflected in regulatory filings and in periodic disclosures to investors. The company noted that the order forms part of routine business operations and that contract performance is subject to the standard inspection and acceptance procedures specified in the tender documents. RMC will provide updates to investors and regulatory authorities as required under the listing obligations.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code