RMC Switchgears wins ₹27.77 cr RRVPNL 132 kV order

Order win: RRVPNL awards ₹27.77 crore contract

RMC Switchgears Ltd said it has received a domestic order worth ₹27.77 crore from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL). The work is an Supply, Erection, Testing and Commissioning (ETC) contract. The company disclosed that the transaction is a non-party related transaction.

The contract is to be executed within eighteen months, as per the company’s update. The scope is linked to transmission substation and line works in Rajasthan. Such orders typically include multi-stage execution milestones, with procurement and site activities running in parallel once approvals and site readiness are in place.

For investors tracking order inflows in electrical infrastructure, the RRVPNL contract adds to a list of recent grid and renewable-linked wins disclosed by the company across states.

What the RRVPNL scope covers in Rajasthan

RMC Switchgears said the RRVPNL order relates to the construction of a 132 kV Grid Sub Station (GSS) at Kaparda SEZ in Jodhpur district. It also includes associated line work, including LILO of the 132 kV single-circuit Bilara–Jhalamand line to the Kaparda SEZ GSS.

In addition, the scope includes construction of a 132 kV single-circuit Bhawad–Kirmarsariya line. The project also includes one 132 kV bay at each of the Bhawad and Kirmarsariya GSS locations.

The company said the scope includes supply of all equipment and materials, except the power transformer. That exclusion is relevant because power transformers are large-ticket items, and carving them out often changes procurement responsibilities and delivery schedules.

Timelines and execution commitments

RMC Switchgears indicated an eighteen-month execution period for the RRVPNL contract. In grid infrastructure projects, execution typically spans civil works, structure erection, equipment supply, line stringing, testing, and commissioning. The company’s disclosure highlights the contract’s ETC nature, which indicates responsibility through commissioning.

The company also described the deal as a domestic order and explicitly stated that it is a non-party related transaction. No further details on billing milestones or payment terms were provided in the shared text.

Update pack: solar plant, RDSS order, and BSE main board migration

Separately, RMC Switchgears shared an update on three developments. It cited progress on its 1 GW solar module manufacturing plant in Jaipur. It also referenced the award of a significant ₹59.12 crore order under the Revamped Distribution Sector Scheme (RDSS). And it mentioned the status of its migration to the BSE Main Board.

The provided text does not include commissioning timelines for the solar module plant, detailed scope for the ₹59.12 crore RDSS order, or specific dates for the BSE migration process. Still, the combination of manufacturing plans and distribution-related orders positions the company across both equipment and project execution themes.

Rooftop solar order in Rajasthan: ₹320 crore, 50 MW

The company also referenced a rooftop solar installation order from the Government of Rajasthan. The project value was stated at ₹320 crore, with an estimated capacity of 50 megawatts.

The order’s revenue split was disclosed as ₹229 crore of one-time revenue and ₹91 crore of recurring revenue over the next 25 years. The text does not specify whether the recurring component is linked to operations and maintenance, power purchase, or another service arrangement, but it clearly indicates a long-tenure revenue stream.

Other disclosed wins: Gujarat underground cable and Maharashtra solar EPC

In a separate development referenced in the text, RMC Switchgears said its shares rose nearly 3.2% on BSE during a Wednesday trading session after it announced work orders worth over ₹127 crore from the Maharashtra Government and others.

As per the company’s regulatory filings cited in the text, it disclosed two work orders totaling about ₹127.40 crore. The first order, valued at ₹108.05 crore, was awarded by private contractor Swastik Infra Private Limited and is to be executed by 31 December 2025. This work involves development of distribution infrastructure for the 11 kV underground cable and RMU system in select districts of Gujarat, under the RDSS framework in MGVCL.

The second order, worth around ₹19.34 crore, was issued by Maharashtra State Power Generation Company Limited (MAHAGENCO). Delivery is to be completed within 270 days from the date the land is handed over to the contractor. The scope includes design, engineering and supply (excluding PV modules), unloading of PV modules provided by MAHAGENCO, and erection, testing and commissioning of a 10 MWAC cumulative capacity crystalline ground-mounted solar PV system. It also includes three years of operations and maintenance under an EPC contract and is linked to a grid-interactive distributed agricultural feeder solarization project at the 33/11 kV Sakali Substation in Yawal Taluka, Jalgaon district, under the MSKVY 2.0 scheme.

Solar pumps LOA: ₹90 crore for 5,000 pumps

The text also referenced a 17 December 2024 Letter of Acceptance (LOA) valued at ₹90 crore from a system integrator. The project is scheduled for completion in FY25-26 and involves supply, installation and commissioning of 5,000 solar pumps across Maharashtra, including 3HP, 5HP and 7HP systems.

A separate note in the text added that Maharashtra has set a target of deploying 1.5 million solar pumps, backed by a ₹10,000 crore allocation to transform the agricultural sector. This context helps explain why solar pump tenders have become a recurring opportunity for EPC and electrical solution providers.

Snapshot table: key contracts and updates mentioned

Why these disclosures matter for tracking execution

Taken together, the RRVPNL order and the other disclosed contracts indicate activity across two broad segments: grid and distribution infrastructure (substations, underground cabling, RMUs) and renewable-linked projects (rooftop solar, ground-mounted PV, solar pumps). For a company manufacturing smart energy enclosures, panels, and electrical safety solutions, such contract diversity can affect working capital needs, execution schedules, and revenue recognition patterns.

The disclosures also show a mix of state entities and private counterparties. The RRVPNL and MAHAGENCO orders are tied to public power sector institutions, while the Gujarat distribution package is routed through a private contractor for a utility-linked scheme.

What to watch next

The company has flagged progress on a 1 GW solar module manufacturing plant in Jaipur and mentioned its migration to the BSE Main Board, but the provided text does not include target dates or process milestones. Investors will likely look for further regulatory filings clarifying commissioning timelines for the manufacturing facility, scope and delivery schedules for the ₹59.12 crore RDSS order, and updates on the main board migration steps.

For the latest RRVPNL order, the key execution marker will be whether the company provides periodic updates on project progress within the stated eighteen-month completion window.