RMC Switchgears Lands 12 Letters of Award Worth Rs 333 Crore from Paschim Gujarat VIJ Company Limited
RMC Switchgears Limited has secured twelve Letters of Award (LOA) from Paschim Gujarat VIJ Company Limited, solidifying its order book and positioning the company favorably for future growth. The contracts, which involve a turnkey project for network conversion, amount to a total consideration of Rs 3,33,79,70,307/-.The receipt of these LOAs is expected to contribute positively to RMC Switchgears Limited's revenue and growth prospects. All the awarded contracts are domestic in nature, with no interest held by the promoter or promoter group in the awarding entity.
The projects involve a turnkey contract for Site Survey, Designing, Engineering, Procurement, Supply, Loading, Transportation, Unloading, Insurance, Delivery at Site, Handling, Storage, Installation, Testing, and Commissioning. These contracts focus on converting existing 11 kV HT Line and LT Line Network, including Consumer Service Lines, into an Under Ground Cable Network with Ring Main System under PGVCL.
The details of the twelve contracts awarded by Paschim Gujarat VIJ Company Limited are summarized below:
| Contract Package | Project Location/Subdivision | Contract Value (Rs) | Time Period |
|---|---|---|---|
| Package-19 | Chitra Subdivision, Bhavnagar Circle | 361,138,244/- | 18 Months (after 45 days commencement) |
| Package-21 | Chitra Subdivision, Bhavnagar Circle | 399,052,074/- | 18 Months (after 45 days commencement) |
| Package-22 | Chitra Subdivision, Bhavnagar Circle | 190,935,137/- | 12 Months (after 45 days commencement) |
| Package-23 | Chitra Subdivision, Bhavnagar Circle | 183,330,691/- | 12 Months (after 45 days commencement) |
| Package-24 | Chitra Subdivision, Bhavnagar Circle | 267,285,695/- | 18 Months (after 45 days commencement) |
| Package-25 | Chitra Subdivision, Bhavnagar Circle | 382,081,390/- | 18 Months (after 45 days commencement) |
| Package-26 | Ghogha Subdivision, Bhavnagar Circle | 137,183,851/- | 12 Months (after 45 days commencement) |
| Package-34 | Adipur Subdivision, Anjar Circle | 282,561,986/- | 18 Months (after 45 days commencement) |
| Package-37 | Talaja-1-2 Subdivision, Bhavnagar Circle | 412,256,343/- | 18 Months (after 45 days commencement) |
| Package-40 | Mahuva Rural-1 Subdivision, Bhavnagar Circle | 178,800,466/- | 12 Months (after 45 days commencement) |
| Package-45 | Dwarka Subdivision, Jamnagar Circle | 359,783,790/- | 18 Months (after 45 days commencement) |
| Package-46 | Talala Subdivision, Junagadh Circle | 183,560,640/- | 12 Months (after 45 days commencement) |
The contracts encompass various aspects of the turnkey requirement, including comprehensive GIS Mapping / Geo Urja Mapping and Asset Tagging under SI Scheme.
RMC Stock Price Movement
RMC Switchgears Limited shares are surging to ₹326.45 as of 1:03 PM, gaining 11.74% in live trading. The stock has experienced strong volatility today, testing a high of ₹337 while the intraday low stood at ₹286.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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