RMC Switchgears Ltd. Receives LOI for Rs. 59.12 Crore Order.

RMC Switchgears Limited has announced the receipt of a Letter of Intent (LOI) valued at approximately ₹59.12 crore from Jaipur Vidyut Vitran Nigam Limited. The LOI pertains to the development of distribution infrastructure for the segregation of 11 KV mixed feeders at Tonk Circle within Jaipur Discom, Rajasthan. The project will be executed on a turnkey basis under the Revamped Reforms-based and Results-linked Distribution Sector Scheme (RDSS).

This development significantly bolsters RMC Switchgears' order book and is anticipated to have a positive impact on the company's revenue and growth prospects going forward.