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RMC Switchgears jumps after bagging Rs 2-cr LoI from Telangana discom
04-Aug-2026 | 15:31
RMC Switchgears surged 13.11% to Rs 330.85 after the company received a letter of intent (LoI) worth Rs 2.44 crore from Southern Power Distribution Company of Telangana (TSSPDCL).
The order is for the supply of low-tension (LT) distribution boxes and is scheduled to be executed within 12 months from the commencement date.
The company said the contract has been awarded by a domestic entity. It also clarified that neither its promoters nor promoter group companies have any interest in the awarding entity and that the order does not constitute a related-party transaction.
RMC Switchgears is primarily engaged in the business of Switchgear Engineering', ECI contracts for power distribution/ transmission sector.
The company's consolidated net profit fell 5.9% to Rs 9.27 crore, while net sales declined 13.7% to Rs 142.94 crore in Q4 FY26 compared with Q4 FY25.
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