India, July 8 -- RMC Switchgears Limited has just released a major operational update directly to the stock exchanges. It wins a multi-crore mandate to implement green energy to power rural farmlands. This strategic move not only expands the company's order pipeline, but also gives a highly predictable stream of revenue for half a decade. Public market observers are caught completely by surprise.

Shares of RMC Switchgears Limited were trading at Rs. 295.35, down 0.76 percent from the previous close of Rs. 297.60. The stock opened at Rs. 297.60, touched an intraday high of Rs. 307.45 and a low of Rs. 289. The company currently commands a market capitalization of Rs. 312 crore.

What happened? RMC Switchgears has received a Rs 23.64 crore ...