RMC Switchgears Secures Letters of Award Worth ₹ 5.01 Crore from Genus Power Infrastructures Limited
RMC Switchgears Limited has received Letters of Award (LOA) amounting to ₹ 5,01,72,500 from Genus Power Infrastructures Limited. The contract pertains to the supply of UND S_Panel mounting structures 1.1KW.The receipt of this order strengthens RMC Switchgears' order book and is anticipated to contribute positively to the company's revenue and growth prospects.
This contract details several key commercial terms, including a six-month execution period for the deliverables. The transaction involves domestic entities exclusively.
Details of the awarded order are provided below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Genus Power Infrastructures Limited |
| Nature of Order | UND S_Panel mounting structure 1.1KW |
| Consideration / Size | ₹ 5,01,72,500 (Five Crores One Lakh Seventy Two Thousand Five Hundred Rupees) |
| Domestic/International Status | Domestic entity |
| Execution Timeline | 6 Months |
| Promoter Interest | No |
The order requires the delivery of 'module mounting structures of minimum 600mm ground clearance at the lowest point from the roof surface,' which falls under the category of UND S_Panel mounting structure 1.1KW, spanning the period 600/1200MM.
RMC Stock Price Movement
Shares of RMC Switchgears Limited are edging higher to ₹268.45 as of 11:26 AM today, gaining 0.17%. The equity trades within an intraday range between a low of ₹262.9 and a high of ₹268.95 amidst 3,349 shares trading so far.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.