RMC Switchgears Secures ₹1.88 Crore Order for Transformer Distribution Box Supply
RMC Switchgears Limited has received a Letter of Award (LOA) from Anand Transformers Private Limited, significantly strengthening the company's order book. The contract involves supplying a Transformer Distribution Box under a turnkey agreement.The total value of the awarded contract stands at ₹1,88,52,000. This deal is categorized as a domestic transaction and relates to providing new service connections with the extension of infrastructure, specifically designated as Phase III.
The terms specified for the order include a guarantee period of 18 months commencing from the date of delivery. Furthermore, the aggregate defect liability period must not exceed 60 months.
This receipt of the LOA is viewed by RMC Switchgears Limited as a positive factor expected to contribute to the company's revenue and growth prospects. The transaction was conducted without any involvement or interest from the promoter group in Anand Transformers Private Limited, and it does not fall under related party transactions.
Key details of the contract are summarized below:
| Particular | Detail |
|---|---|
| Awarding Entity | Anand Transformers Private Limited |
| Contract Nature | Transformer Distribution Box |
| Transaction Type | Domestic |
| Order Value | ₹1,88,52,000 |
| Execution Timeline | Guarantee period of 18 months from delivery; Defect liability period not to exceed 60 months. |
RMC Stock Price Movement
As of 1:55 PM, shares of RMC Switchgears Limited are slipping by 8.65% in live trading, currently priced at ₹276.05 after shedding ₹26.15 from the previous close. The stock is actively traded on a volume of 186,527 shares and remains within its intraday range established between a low of ₹252.6 and a high of ₹284.1.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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