Mumbai, 22 November (Udaipur Kiran)। RMC Switchgears gained in trade after the company received a Letter of Intent (LoI) worth ₹27.77 crore from Rajasthan Rajya Vidyut Prasaran Nigam.
The stock was trading at ₹550.90, up ₹6.30 or 1.16% from its previous closing of ₹544.60 on the BSE. It opened at ₹544.80 and touched a high of ₹565.00 and a low of ₹522.10 during the day, with 55,250 shares traded so far.
The BSE Group ‘M’ stock with a face value of ₹10 has a 52-week high of ₹1,214.00 (18 December 2024) and a 52-week low of ₹518.00 (13 March 2025). The company’s market capitalisation currently stands at ₹581.19 crore. Promoters hold 52.06%, institutions 5.84%, and non-institutions 42.10% shareholding.
The order involves construction works at 132 kV GSS, Kaparda SEZ (District Jodhpur) and associated transmission lines, including supply of equipment (except power transformers), erection, civil works, testing and commissioning. The project is to be completed within 18 months.
RMC Switchgears is engaged in switchgear engineering, ECI contracts in the power distribution and transmission sector, as well as PVC marble and solid surface business.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
