RMC Switchgears receives new order worth Rs14.24 crore from Eastern Power

23 Nov 2022 , 03:13 PM

RMC Switchgears Limited informed that it has received a Letter of Award of Rs14.24 crore bestowed upon the company by the Government of Andhra Pradesh.

The company has received an order for the Eastern Power Distribution Company of AP Limited.

The company has received the order for the supply of various types of Feeder and Service pillar boxes. It plans to complete the order on or before May 10, 2023.

RMC Switchgears specialises in the design and manufacture of Electronic Energy Meters, Energy Metering Enclosures, Distribution Boxes and Panels, Sheet Moulding Compounds (SMC) and Bulk Moulding Compounds (DMC), Solar Power Equipment, and Turnkey Contracts. These are primarily in the B2B and B2G markets.

At around 3.16 PM, RMC Switchgears was trading at Rs303.50, down by 0.15% against previous close of Rs303.95 on BSE. The counter hit intraday high and low of Rs312.80 and Rs303.50 respectively.

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