Mumbai, Aug. 6 -- RMC Switchgears Limited has been awarded 12 letters of award by Southern Power Distribution Company of Telangana Limited for the supply of low tension distribution boxes, worth Rs. 24.45 million (mn). The company filed a regulatory intimation with the stock exchanges on 04.08.2026 noting that the awards will strengthen its order book. The filing indicated that the contracts will contribute positively to the company's revenue and growth prospects. The intimation was addressed to both the Bombay Stock Exchange and the National Stock Exchange.
The disclosure stated that the orders were awarded by a domestic entity and were issued as letters of intent for the supply of low tension distribution boxes. The contracts are to be executed within 12 months of commencement. The company will update the exchanges on any further material developments as required under the listing regulations. The disclosure noted that the orders relate specifically to low tension distribution hardware used across urban and rural feeders in the state.
The aggregate contract consideration corresponds to Rs. 2,44,46,650, which is equivalent to Rs. 24.45 million (mn) when converted to a straight million figure. The filing further confirmed that the promoter group and related parties have no interest in the entity that awarded the orders and that the transactions do not constitute related party dealings. The disclosure was signed by the compliance officer and company secretary. The company reiterated that execution will follow applicable compliance and quality standards and that timelines are binding.
The awards increase near term order visibility and will support operational planning for the coming financial period. Execution of the contracts will proceed under the stated timelines and the company will communicate progress through exchange filings. Market participants will observe order conversion and delivery as the contracts are implemented. Analysts and investors will factor the new orders into near term revenue estimates and monitor margin impact as execution proceeds.
Published by HT Digital Content Services with permission from Construction World.