RMC Switchgears stock hits 52-week high on receipt of order worth Rs230.23 crore

1 Nov 2022 , 09:41 AM

RMC Switchgears Limited hits 52-week high on Tuesday’s trading session as the company r eceived  major order.

As per the regulatory filing, the company announced the receipt of Letter of Award of Rs230,23,88,766.59 (Rupees Two Hundred and Thirty Crores Twenty Three Lakhs Eighty Eight Thousand Seven Hundred Sixty Six and Fifty Nine Paisa only) by the Maharashtra State Electricity Distribution Company Limited under its EPC Division.

The project will be completed within the next 12-18 months, the company said.

At around 9:42 AM, RMC Switchgears hit 52-week high at Rs284.10 per share on the BSE as against previous closing of Rs270.60 per share on the BSE.

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