Established in 1994 as RFH Metal Castings Pvt Ltd, RMC Switchgears Limited has emerged as a distinguished leader in India’s electrical enclosures and safety solutions industry. Over nearly three decades, the company has substantially broadened its portfolio to encompass advanced electronic smart energy meter enclosures, distribution boxes, panels, and other critical electrical safety and distribution products.
In a remarkable achievement, RMC Switchgears Limited has secured a prestigious work order worth ₹108.05 crore from a prominent private contractor for the development of distribution infrastructure in Gujarat.
The scope of this transformative project includes the installation of state-of-the-art 11 KV underground (UG) cables and Ring Main Unit (RMU) systems across various districts.
This pivotal contract underscores RMC Switchgears’ reputation as a trusted partner in the electrical infrastructure sector, reinforcing its role in bolstering India’s power distribution capabilities.
RMC Switchgears Limited delivered an impressive financial performance in H1 FY25, reflecting robust growth across key metrics. The company’s revenue surged by 19.86% year-on-year to ₹104.78 crore, up from ₹87.42 crore during the corresponding period in FY24.
Profit after tax witnessed a notable rise of 25.68%, reaching ₹10.13 crore compared to ₹8.06 crore in H1 FY24. Additionally, earnings per share (EPS) climbed by 26.63%, standing at ₹9.89.
RMC Switchgears continues to expand its footprint into renewable energy with strategic investments and projects:
Solar Manufacturing Facility: In December 2024, the company unveiled ambitious plans to establish a cutting-edge solar manufacturing plant in Rajasthan. The facility, with an impressive annual production capacity of 1 GWp for solar modules and a corresponding capacity for module mounting structures, is expected to commence operations by July 2025.
Ground-breaking Solar EPC Project: In July 2024, RMC Switchgears secured a substantial order worth ₹86.48 crore for the development of a 25 MWac ground-mounted solar plant in Bhuj, Gujarat. The project encompasses the supply and installation of solar equipment, a 220 KV substation, and a 5 km transmission line.
At 12:51 PM today, RMC Switchgears Limited shares traded at ₹966 per share on the NSE.
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Published on: Feb 3, 2025, 4:35 PM IST
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